A gentle reminder that on May 8 at 1 AM, the FOMC will have a meeting to announce interest rates. According to the polls, the likelihood of keeping the rates now is over 98%. Please pay attention and consider this, as it might kill both Long and Short positions.

The probability of the Fed keeping interest rates unchanged in May is 97.3%.

Not because inflation has stabilized.

- Core inflation is still hovering around 2.8%, not soft enough.
- The labor market remains robust, not weak enough.
- And expectations for Fed rate cuts are not eager to be planted early.

=> The Fed will keep rates high longer, unless unexpected data or a crisis occurs.

#Fed