Monetary policy will be tomorrow’s focus.

Day 1 of the two day meeting of the Federal Open Market Committee meeting has wrapped up. Tomorrow is the Day 2 with policy announcements afterwards. Much of the trade has now increased its expectation to a 0.75% increase in short term interest rates. The next two meetings after this are July 26-27 and September 20-21. New lows were reached for the S&P 500 stock market index today.

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