Fed Likely to Hike 75 Basis Points Today

Here's the trading game plan

PRE-OPEN MARKET COMMENTS FED-DAY 9:00 AM ET – The S&P 500 has dropped 10% in the last week. Most analysts are projecting a 75 basis point Fed rate hike today and that would be the largest increase in decades. I don’t predict market reactions to the FOMC statement and even if I had the release in my hand ahead of everyone else, I wouldn’t know what to expect.

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