The Federal Reserve is widely expected to raise its benchmark interest rate and may also provide details on its plans to shrink $4.5 trillion of assets it amassed to nurse the economic recovery. Economists polled by Reuters overwhelmingly see the Fed raising its benchmark rate to a target range of 1.00 percent to 1.25 percent.
Approximately 75% of the market players expect a rate increase this week. The portfolio is approaching all time highs however with long exposure and with a market trading in a wide range there is a possibility of a sell off below the 2020 level in the SPX. Sunday futures traded higher however most traders