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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Vital Knowledge's Adam CrisafulliAdam Crisafulli, Vital Knowledge founder, joins 'Closing Bell' to discuss diverging S&P indexes, global drivers of market activity and predictions about Fed policy downshifting.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere are now two stock markets, says Vital Knowledge's Adam CrisafulliAdam Crisafulli, Vital Knowledge founder, joins 'Closing Bell' to discuss diverging S&P indexes, global drivers of market activity and predictions about Fed policy downshifting.
BlackRock's Rick Rieder expects the Fed to hike rates by three-quarters of a point Wednesday and says the Fed does not need to raise them by the full percentage point that some expect. The Fed is widely expected to announce the 75 basis point increase to the fed funds rate. The futures market Tuesday was pricing 16% odds that the Fed could even announce a 100 basis point hike Wednesday afternoon. A basis point equals 0.01 of a percentage point. After the 75 basis point hike Wednesday afternoon, "I think the odds of them going 75 one more time are probably 50/50 at this point," he said.
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