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Benzinga
Benzinga
Business
Wayne Duggan

Market Awaits Fed Rate Hike Decision: How Aggressive Will The FOMC Get Today?

US Federal Reserve Jerome Powell NYSE Nicholas Colas Quincy Krosby Inflation ETF

The SPDR S&P 500 ETF Trust (NYSE:SPY) rebounded a bit from its early week downturn on Wednesday morning ahead of a critical Federal Open Market Committee interest rate decision at 2 p.m. ET. 

Market Expectations: The bond market is pricing in 97.8% chance of a 0.75% hike and a 2.2% chance of a 1% hike, according to CME Group.

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