The Federal Reserve will hold its final Federal Open Market Committee (FOMC) meeting on Tuesday and Wednesday. It is believed that Fed Chair Janet Yellen will pull the trigger on a rate hike for the first time since Dec. 2015.
Does the market believe the United States central bank will finally proceed with raising interest rates?
According to the CME Group FedWatch tool, there is a near 100 percent certainty that the Fed will raise rates. Here is the chart:
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JRATT says
Even if the FED leaves rates where they are or bumps them up a little, the stock market is overbought and profits will be taken after Trump is in office. Then Trump will be blamed for the stock market correction, just what the media wants.