The Fed Meets in Two Weeks. Here's the ETF I'd Buy Today Regardless of What It Does.
History shows that this ETF should be a great long-term investment, regardless of any short-term noise.
Overview
For the first time in recent memory, the market doesn't have much of an idea of what the Federal Reserve will do with interest rates at its September meeting. We're less than two weeks away from the Fed's decision, and investors aren't sure whether to expect a rate hike for the first time since 2023 or if the Fed will hold rates steady.
According to the CME FedWatch tool, which monitors how the market is pricing future interest rate movements, there's roughly a 40% chance that rates won't move and a 60% chance of a rate hike. Roughly half of the voting committee favors a hike, and Chair Kevin Warsh didn't offer any forward guidance at Jackson Hole last week. In short, there is considerable uncertainty.
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Originally published at www.fool.com.