JPMorgan’s trading desk sees ‘hike and pause’ lifting stocks

An interest rate hike plus statements suggesting policymakers will hold off at their next meeting could push the S&P 500 as much as 0.75% higher, the team said. — Bloomberg

NEW YORK: The likeliest outcome of the Federal Reserve’s (Fed) impending announcement is also one that is apt to lift stocks, JPMorgan Chase and Co’s trading desk says.

An interest rate hike plus statements suggesting policymakers will hold off at their next meeting could push the S&P 500 as much as 0.75% higher, said the team, including Andrew Tyler.