Fed interest rate decision with technical analysis and forecast

First things first:

• Investors are split on whether the Fed will implement a quarter-point hike or hit pause.
• The bond market gives a 65% probability to a quarter-point boost that will raise the Fed's policy rate to 4.75%-5%.
• Traders have slashed the odds of a hike, but Goldman Sachs and Barclays have revised their rate predictions to no rate hike.

But should they even hike at all? The Fed The Fed "The Fed" is a short-hand that refers to the Federal Reserve or Federal Reserve System, the central banking system of the United States. Traders often discuss the actions of the Fed, primarily interest rate decisions, as they significantly impact all financial markets.The Fed shouldn't be confused or substituted with the term "the Feds" and doing so tells everyone you're a total noob. The term "the Feds" refers to US Federal law enforcement, including such agencies as the FBI (Federal Bureau of "The Fed" is a short-hand that refers to the Federal Reserve or Federal Reserve System, the central banking system of the United States. Traders often discuss the actions of the Fed, primarily interest rate decisions, as they significantly impact all financial markets.The Fed shouldn't be confused or substituted with the term "the Feds" and doing so tells everyone you're a total noob. The term "the Feds" refers to US Federal law enforcement, including such agencies as the FBI (Federal Bureau of Read this Term has been tightening rates from near-zero in the past year, and it's starting to show some damage in the economy. Inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term is high and the US jobs market is tight. Some experts are suggesting that the Fed should suspend rate rises altogether.

What's a technical futures trader to do? Keep an eye on the price action and chart of S&P 500 emini futures, of course! Watch the next technical analysis video for the S&P 500 emini futures, note the bullish and bearish key price levels, look at the hints the chart is giving, and consider my directional forecast.

The above opinion is not investment advice. Visit ForexLive.com for additional views.