On Wednesday afternoon at 2:00 PM EST, the Federal Open Market Committee (FOMC) will make their policy announcement as well as release their forecasts. This will be followed by a press conference at 2:30 PM EST.
Expectations are for the Federal Funds Rate to remain unchanged in the range of .25-.50 percent. Inflation data has been strong lately, but with recent statements highlighting Global concerns it is unlikely the range will be increased.
Traders should be prepared for high volatility as a surprise increase would likely result in volatile trading conditions.
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