The Fed spoke and made no one happy

[fstp, logo, header] I’m doing a special presentation on Thursday at 4:30 p.m. ET right after the market closes. The meeting involves my Flash 10 watchlist. This is a brand new opportunity that is happening right now, and it’s important that you understand where to put some of that trading money over the next 6-12 months. [Click Here To Attend The Meeting This Thursday!]( [ag views, logo, header] The Fed spoke and made no one happy  Mark called it in The Trading Desk. He thought the OTM options today were too frothy for what was supposed to be a .25% Fed Funds rate cut. All the retirees just lost some dough on their CD rollovers. The odds of a .50% cut went to well over 60% today and that is what the Fed gave. SPX had a 200 point range in the last 2 hours of the day gapping up and dropping, gapping up another 40 points then dropping 3 or 4 times. By the end of the day we just ended up where we started the week. [fstp] Right now the Fed is claiming they have licked inflation but no one seriously ever believes prices are coming down. When the Federal Government keeps producing the same budget as in 2020 when 25% of the workforce got tossed out of work, inflation will be with us. They laid out cuts for the year to get the Fed Funds rate down to the inflation rate. Surprisingly VIX ended the day green. I don't expect that to last. [If you want to see something that will last, check out my webinar tomorrow night before Thursday Night Football.]( - AG  [logo, pit profits] - Capitol Gains: KTOS Oct18 22.5 calls closed for a 50% gain - Option Pit Pro Trade 304: VXX Sep20 55/70 call spreads, VXX Sep20 48 puts closed for a 10% gain Want to find YOUR winning fit? Give our Customer Care Team a call at [1-888-872-3301](tel:/1-888-872-3301) Monday-Friday from 9 a.m. - 5 p.m. EST. Or email them anytime at [support@optionpit.com](mailto:/support@optionpit.com)  [fpri] Consumer Woes Signal Imminent Recession  The likelihood of a 50 bps cut has gained traction recently … Fuel for the larger cut has come from: The Wall Street Journal and Bloomberg, which adds to the political pressure on Powell … The question is does Powell succumb to the pressure and lay the seeds for a reacceleration of inflation? If he does and cuts .50% the markets reaction will be violent as investors quickly try and calculate the impact on inflation versus the job data reported, reported on October 4. [Click below for the probabilities of each and the most likely market impact …]( - Bill --------------------------------------------------------------- Never miss an edition of Bill Griffo's Power Income Newsletter ever again. [Click this link to sign up!](  [fpip] Do You Remember the Last Rate Change?  Today is the big day we’ve been waiting for … the Fed’s decision on the interest rates. I am not an economist nor do I claim to know everything that is going on but honestly shouldn’t we just leave well enough alone? I just feel like … be careful what you wish for. Do you remember the last time the Fed changed the interest rate? It was July 26, 2023, not even 14 months ago. They raised them a quarter point on that day. Now they want to lower them by a half or a quarter point. Am I foolish to think that perhaps it could take longer than 14 months for things to sink in? We are talking about trillions of dollars in the enormous economy of the United States. Why can’t they just wait it out a bit longer? Jerking rates around so often just doesn’t seem right to me. Didn’t the Fed have two mandates they strove to meet? Yes, they did. Inflation and unemployment. Have they met the criteria? I don’t think so. But who am I to say? I don’t even get a say in where my tax dollars are spent. Ok I better stop there. Don’t forget! [Join Andrew Giovinazzi and Hannah Selner for their live event Thursday at 4:30 ET.]( [Here is my new trade idea in the iShares Russell 2000 ETF (Ticker: IWM).]( - Licia --------------------------------------------------------------- Join Licia's trading community and start receiving her Profits In Pumps Newsletter. [Click this link to sign up!]( --------------------------------------------------------------- Don't miss when our traders go live! Get an alert everytime we open the live rooms to all of our readers for free by selecting the calendar you use below. Add Option Pit Live Events to Your Calendar [Apple]( [Google]( [Outlook]( [Outlook.com]( [Office 365]( [Yahoo](   [glossary, logo] There are plenty of terms in the trading world that need explaining. The Option Pit Glossary is here to help. Today's phrase is:  Fed - The Federal Reserve, or the Fed, determines the federal funds rate and will step in or step back to aid the economy, as needed. 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