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The stage is set

The stage is set

In the S&P 500 , the stage is set for Wednesdays announcements from the Fed. The bias at this level is for move to higher prices and that would be the expected action unless the Fed comes up with the surprise. I don't expect the Fed to change from the corsets laid so far would you be to begin is interest rate policy in March. It is also important to remember if they do increase interest rates and they do it by 25 basis points, that amount of change is more of a psychological change than the economic impact on the US economy.

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