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BlockBeats News, July 29th, JPMorgan Chase conducted an analysis of the impact of tonight's FOMC decision on the U.S. stock market. JPMorgan Chase expects the Federal Reserve to keep interest rates unchanged. In a hawkish scenario (50% probability), the S&P 500 Index is expected to remain flat or decline by 0.5%.
In a dovish scenario (28% probability) seen as the most bullish outcome, the index could surge by 1%.
In a scenario of a 25 basis point rate hike (20% probability), the S&P 500 Index could potentially drop by 1.5%-2%, with the Nasdaq Index likely underperforming.
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