One Option Trading Blog https://ift.tt/2GwK6vz Posted 9:30 AM ET - And now for the moment we've been waiting for… the FOMC Statement. This afternoon the Fed will raise rates a quarter point. Their comments will be scrutinized and there are several components that will determine market direction for the next few months. I believe the base scenario is a rate hike and language that suggests the next increase won't come until May. This should lift the S&P 500 at least 50 points in the next few days. The market will rally more than that if the Fed moves to a neutral stance and they remove the …
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