Trading in the U.S. index futures suggests a mixed start on Wednesday, although the Fed rate decision and the signals coming out from the central bank will ultimately decide which direction the market would take.
Contingent on different permutations and combinations, JP Morgan analysts expect the S&P 500 Index to rally over 10% or decline by about 6% to 8% in Wednesday’s session, according to a Bloomberg report. A smaller-than-expected 50 basis points hike and a dovish language will lead to the most optimistic outcome, although the analysts see this as the least likely outcome.
