Welcome to the Super Bowl of all rate hike decisions. It’s been almost a decade since the last rate hike in interest rates and today at 2pm EST we will find out the FED decision.

With the majority of economists and Wall Street traders believing a rate hike is a done deal, the focus shifts to the language going forward. Is this a one and done rate hike, or are more rate hikes in our future? Algorithm programs are in place to react to key words in the language the Fed releases and can have a significant impact on all markets. I encourage you all to watch the action at 2pm. I think you’ll find it very interesting as these events can cause wild swings in prices.

No one knows for sure what the FED will do in 2016. Some economists believe once the FED gets started raising rates, three or four rate hikes in 2016 are in order, but it’s my belief that Janet Yellen is so conservative that she will indicate that any future rate hikes will be dictated by market data and will refuse to commit to showing her hand.

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