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We would appear to be on the cusp of the most widely anticipated FOMC meeting in many years.
What to expect.
The FED can raise and continue to be hawkish in their statement which would probably create chaotic conditions in all markets.
They can raise and then be more dovish in the statement which would go a fair way of neutralising the rise which would probably go a fair way of creating much less chaos.
They can leave rates alone and continue to be hawkish with their statement in which case we might get a couple of weeks of a rally in most areas,especially commodities as the Dollar would probably come under pressure.
They could just turn plain dovish in which case everything would rise to the moon.And pigs can fly.
Judging by the economic data that has been released over the last few days it looks like they are gearing up for no move and a hawkish statement.
We await with bated breath.
