# @benzinga on Instagram

- **Type:** Video
- **Original URL:** https://www.instagram.com/p/CmJ-l1wDs9y
- **Gondola URL:** https://gondola.cc/posts/17862050-benzinga-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/thumbnails/f2048b516e.jpg
- **Posted:** 2022-12-14T17:04:54.000+00:00
- **Account Owner:** Benzinga | News That Moves (@benzinga) — https://gondola.cc/benzinga

## Caption

Wall Street Subdued Ahead of Expected 50-Basis-Point Fed Rate Hike While Powell Waits in the Wings

The FOMC meeting wraps up with a rate decision and economic projections at 2 p.m. ET today. The CME FedWatch Tool projects a 79% chance of a 50-basis-point rate hike and a 21% chance of a 75-basis point rate hike. The chance of a 50-point hike—which would bring the Fed’s target rate to a range of 4.25% to 4.5%—rose after yesterday’s cooler-than-expected Consumer Price Index (CPI) data.

Shortly after the rate announcement, Powell will hold his press conference, and that’s when investors should beware. Powell has been a buzzkill for Wall Street lately, specifically after the last Fed meeting on November 2. On that occasion, stocks posted a slight gain following the Fed’s 75-basis-point rate hike but quickly gave ground and finished down 2.5% as Powell’s hawkish tone slammed the door on optimism. You can watch it all on BenzingaTV on Youtube. Follow @benzinga 📈📉🤷‍♂️
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## Stats

- **Views:** 6,388
- **Likes:** 304
- **Shares:** 0
- **Comments:** 11

## Tags

economy, trading, stockmarket, interestrates, daytrader, investing, financefreedom, wallstreet, stocktrading, us, breakingnews, wealth, stockmarketinvesting, debt, federalreserve, news, fomc, investing101, business, entrepreneur, fed, optiontrading, daytrading, money

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