Take your bets! Will the status quo… go!? Or will we continue with zero percent interest rates for eternity?
Per Seeking Alpha:
It’s one of the most anticipated monetary policy decisions for years, with markets still unclear if the Federal Reserve this afternoon will unveil its first interest rate hike in almost a decade. Traders this week have been reluctant to make significant bets ahead of the decision, which is expected to reverberate throughout the global economy. Two months ago, it seemed almost certain that the Fed was going to raise rates in September, but turmoil in the financial markets and concerns about China’s economy may see the Fed wait until December for an increase. U.S. futures are all lower by 0.2% pending the announcement.
Perhaps the rise in equities this week points to a consensus:
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