FEDERAL OPEN MARKET COMMITTEE IS EXPECTED TO RAISE RATES BY 0.75% IN THEIR TWO-DAY MEETING

As the Federal Reserve’s Federal Open Market Committee (FOMC) begins its two-day meeting today, many observers expect it to announce another 75% rate hike on Wednesday.

A third consecutive 0.75% increase in Federal Funds interest rates would be a series not seen since the 1970s.

While some observers believed the Fed was announcing a 1% increase, futures trading firm CME Group said investors in the interest of the market for futures see an 82% to 0.75% probability in more and only an 18% chance of full. 1% more.