Good morning boys, FOMC day is here. Can’t wait to get this over with.
As usual here are the following times that matter:
Rates at 2PM EST
Presser at 2:30PM EST
Consensus has a 92.9% chance of 25bps rate hike shown on the right, 7.1% chance of no rate hike shown on the left.
My plan for today:
25bps rate hike: DO NOTHING
No rate hike: LONG
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