Positioning Automation Into a Two-Sided Fed Decision You Cannot Handicap
Most Fed meetings are near-formalities the market has already priced. Some are not. When a decision is genuinely two-sided, a real chance of a hike against a base case of a hold, landing at a scheduled 2 p.m. moment, it is an event no strategy can handicap and a stop cannot protect against. This is the case for managing size around a print you cannot predict, rather than betting on it.