U.S. stock futures are up ahead of the Federal Reserve’s announcement following its two-day meeting — and more in Wednesday’s stock market recap.
It’s expected that the Fed will raise interest rates 50 basis points to fight inflation, which is already priced into the bond market.
If the Fed goes ahead with a 0.50% hike, we should see a relief rally… But if it decides on a more-aggressive 75-basis-point hike, things are going to get ugly.
Earnings season continues with Moderna exceeding revenue and profit expectations, sending shares up 4% in premarket trading.
CVS Health also rose about 1.5% premarket on better-than-expected earnings and revenue.
In this morning’s stock market recap video, you’ll learn how the market will react to the latest Fed data… whether stocks are set to rise or fall… an update on the bond market and the most likely scenario ahead… whether volatility is rising or falling, and its impact on stocks… an update on the global economy and how it's impacting stocks… plus my top long and short trades complete with options strike prices.
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