Morgan Stanley's trading desk said Wednesday's Federal Reserve meeting is most likely to result in a stock market-boosting outcome. The team, made up of Andrew Tyler and others, said a rate hike and a statement suggesting the policy makers will stay on hold at the next meeting could push the S&P 500 index up as much as 0.75%. The team estimated the probability of the Fed raising rates and then pausing at 65%. The team said that was almost twice the probability of the other scenario, which is that the Fed continues to tighten monetary policy over the next few months.
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