September 19, 2022

By Nigam Arora & Dr. Natasha Arora

To gain an edge, this is what you need to know today.

Fed Meeting Ahead

Please click here for a chart of the Federal funds effective rate.

Note the following:

• We have previously shared with you that 3884 was a critical level in S&P 500 futures.  S&P 500 futures are trading around 3860 as of this writing.
• The FOMC meeting starts Tuesday.  The policy statement will be released on Wednesday at 2pm ET.  Powell’s press conference will start at 2:30pm ET.
• Here is The Arora Report call:
  • There is a 70% probability of a 75 bps interest rate hike.