One Option Trading Blog https://ift.tt/2Q9svdc Posted 9:30 AM ET - The Fed will raise rates this afternoon and many analysts are expecting the word "accommodative" to be removed from the statement. This would be dovish in their eyes and the market should rally on the news. I am going against the grain and I believe the statement will be neutral to slightly hawkish. Wage inflation will keep the Fed in tightening mode. The bid to the market is strong so the damage will be relatively contained. Higher yields in the US will put upward pressure on global interest rates and emerging markets will feel the pinch. …
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