FOMC Minutes Show Officials Expect 'Mild Recession' & Backed 25bps Hike 😅
@ZEROHERO:
$SPDR S&P 500 ETF Trust(SPY)$ Bullish31% gain taking calls follow by puts from FOMC minutes release. ⚠️ Looking at calls above 409 and puts under 406.85 on Thursday. Be ready for another move for Jobless claims and PPI numbers at 8:30am. Trade up & down the trendline SUMMARY OF FED MINUTES (4/12/23) 1. Fed officials lower target interest rate due to banking crisis 2. Several officials considering pausing rate hikes 3. Fed projects “mild recession” starting in 2023 4. All officials backed 25 bps hike 5. US government ran $378 billion deficit in March Bear is back or what? During the March meeting, several participants noted they considered whether it would be appropriate to leave rates unchanged at this meeting. However these participan