Raise.. quarter and they are gonna play both sides...
They will say inflation looks elevated so they will continue path of moderate rate hikes...
The silver lining will be that they will say either the economy is continuing its expansion.. or they will say the truth and they see some possibility of mild slowdown and will be monitoring it closely..
Bottom line.. the Fed will give something for the bears and bulls to be happy about...
My prediction is that the stock market will jitter a little and end up mildly positive.. after this meeting volatility should colapse and we will be back to 5 point ES ranges.
--MIKE