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So will it be a 3/4 or a 1 percent increase today? I’m going with a 3/4 but hoping for a 1 percent just to get this over with ASAP.
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3/4 is what they decided but their commentary apparently said they were thinking the terminal rate could be 4.5%. If that is true they still have another 1.5% to go. That will be crazy if they actually get there.
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Man stuff got choppy. And it was 3/4 like everyone expected. I crushed a couple buys on the flash bottom. I'll probably unload them soon.
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Kicking myself. I was going to buy TLT and write calls on it but sold a put to see if I could get it cheaper. I should have just done a buy write. The long yields are probably going to drop now that recession is almost a certainty.
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