Wednesday’s Prospects

It’s as though the markets are frozen waiting for Wednesday’s Federal Open Market Committee statement on interest rates. The conventional wisdom is that they’ll raise the federal funds rate to a level fluctuating between 0.5% to 0.75%.

Meanwhile, no earnings announcements are on my list for Wednesday, and also no high implied volatility trades. I’ll check again after the announcement, scheduled for 2 p.m. New York time.

By Tim Bovee, Portland, Oregon, Dec. 13, 2016

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