One Option Trading Blog http://ift.tt/1R4Ynca Posted 12:00 AM ET - There's not much to report today. The SPY is hovering around the 100-day moving average and we are likely to stay in a tight range until the FOMC statement tomorrow. Most analysts believe that the Fed will raise rates in September. They will highlight improving labor conditions and an inflation rate that is below their target (using PCE as the metric). Janet Yellen is not likely to set a timeline and she will choose her words very carefully. Any change in the rhetoric that points to a September rate hike will result in a market decline. …
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