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FOMC Release Wednesday 21 Sep - Tread Carefully

I went over the current rate probabilities on the weekly YoutTube live (every Monday at 5pm PT) and as of now it's looking like 83% chance of 300-325 basis points.

The market is going to be watching this release VERY carefully, especially after the higher than expected CPI last week.

I will be sitting mostly flat going into the release, other than some legacy positions and long straddles to soak up some IV expansion.

Head on a swivel out there!


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