FOMC DAY!!
The decision isn’t what matters most… the tone will determine the market’s direction.
Here’s the market trading map for today’s upcoming Fed decision:
• Rate hike + hawkish tone: Stronger dollar, sharp downside pressure on gold and the S&P 500.
• Rate hike + dovish tone: Dollar rises, while gold and stocks see limited declines.
• No hike + hawkish tone: Stronger dollar, with gold and stocks moving lower.
• No hike + dovish tone: Weaker dollar, with gold and stocks moving higher.
The shaded area, representing the no-hike scenario, currently sits at the center of market expectations.