{"id":120893,"date":"2022-01-26T13:01:39","date_gmt":"2022-01-26T18:01:39","guid":{"rendered":"https:\/\/ibkrcampus.com\/?p=120893"},"modified":"2023-02-10T13:31:51","modified_gmt":"2023-02-10T18:31:51","slug":"what-to-expect-when-youre-expecting-the-fomc-january-2022-edition","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/what-to-expect-when-youre-expecting-the-fomc-january-2022-edition\/","title":{"rendered":"What to Expect When You\u2019re Expecting the FOMC (January 2022 Edition)"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Let\u2019s be real.&nbsp; Every meeting of the FOMC and subsequent press conference by the Federal Reserve Chair is important, but some are more important than others.&nbsp; Today\u2019s meeting is potentially one of the most consequential FOMC announcements in some time.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Chair Powell has been masterful at telegraphing his intentions prior to FOMC meetings.&nbsp; It has become clear that he is not in the business of surprising investors.&nbsp; When he allows markets to discount likely Fed policies before they are publicly announced, traders can take the FOMC announcement relatively in stride, and Mr. Powell can then address reporters in a more nuanced fashion.&nbsp; I first termed him \u201c<a href=\"\/campus\/traders-insight\/securities\/macro\/goldilocks-is-a-68-year-old-man-in-a-suit\/\">Goldilocks in a Suit<\/a>\u201d in a piece last summer, and <a href=\"\/campus\/traders-insight\/securities\/macro\/goldilocks-in-a-suit-sully-sullenberger\/\">extended the analogy two weeks ago<\/a> when I questioned whether he was trying to find a happy medium for investors or trying to land an airplane amidst a crisis.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Despite Mr. Powell\u2019s rhetorical talents, it appears that investors are far more confused than normal.&nbsp; One way to put this is \u201cthis meeting is in play.\u201d&nbsp; The Fed must toe a careful line, and it is not clear exactly what is priced into volatile markets.&nbsp; The Fed\u2019s dual mandate considers stable prices and full employment.&nbsp; One can argue that if we\u2019re not currently at full employment, we seem close to it; on the other hand, it is impossible to argue that we are in a stable price environment.&nbsp; It appears incumbent on the FOMC that they must do something to fight inflation, but there is little consensus about whether that means ending their bond purchases more abruptly than previously announced, raising rates, or a combination of both.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If they do signal a rate hike, will it be now or later, and how large and how many?&nbsp; According to Bloomberg, Fed Funds futures are pricing in about a 5% chance of a hike today, but near-certainty about a 25-basis point boost in March.&nbsp; Looking out to December, those futures are anticipating Fed Funds to rise from near-zero to 1%, or 4 hikes of 25 bp.&nbsp; Today\u2019s announcement could certainly influence those expectations, along with the inflationary expectations that influence longer-term rates.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">One thing that some equity investors expect is that the Fed will take the recent equity market volatility into account.&nbsp; Sorry, but I don\u2019t see that happening.&nbsp; I know that equity investors have become accustomed to the idea of Fed accommodation in response to stock market concerns, but that is by coincidence, not design.&nbsp; Stock prices don\u2019t enter into the dual mandate, and credit market conditions are the primary market concern of the Federal Reserve.&nbsp; It is entirely possible that the FOMC statement could be taken positively by the market, however.&nbsp; Furthermore, while I think that Mr. Powell will try to avoid riling investors during his press conference, there is no guarantee that he will succeed.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">That said, options markets are pricing in a high probability of success, as evidenced by the IBKR Probability Lab:<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-ibkr-probability-lab-for-spy-on-1-26-22-for-options-expiring-1-26-22\"><strong>IBKR Probability Lab for SPY on 1\/26\/22 for options expiring 1\/26\/22<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"975\" height=\"228\" data-src=\"\/campus\/wp-content\/uploads\/sites\/2\/2022\/01\/image-111.png\" alt=\"IBKR Probability Lab for SPY on 1\/26\/22 for options expiring 1\/26\/22\" class=\"wp-image-120899 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2022\/01\/image-111.png 975w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2022\/01\/image-111-700x164.png 700w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2022\/01\/image-111-300x70.png 300w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2022\/01\/image-111-768x180.png 768w\" data-sizes=\"(max-width: 975px) 100vw, 975px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 975px; aspect-ratio: 975\/228;\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Source: Interactive Brokers<\/em><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"ibkr-probability-lab-for-spy-on-1-26-22-for-options-expiring-1-28-22\"><strong>IBKR Probability Lab for SPY on 1\/26\/22 for options expiring 1\/28\/22<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"975\" height=\"228\" data-src=\"\/campus\/wp-content\/uploads\/sites\/2\/2022\/01\/image-112.png\" alt=\"IBKR Probability Lab for SPY on 1\/26\/22 for options expiring 1\/28\/22\" class=\"wp-image-120900 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2022\/01\/image-112.png 975w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2022\/01\/image-112-700x164.png 700w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2022\/01\/image-112-300x70.png 300w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2022\/01\/image-112-768x180.png 768w\" data-sizes=\"(max-width: 975px) 100vw, 975px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 975px; aspect-ratio: 975\/228;\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Source: Interactive Brokers<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">We see that the peak probability assessments for SPY options expiring both tonight (top) and on Friday (bottom) are above the current level for that ETF \u2013 about 1% higher for this afternoon and about 2% for the end of the week.&nbsp; It is quite clear that the \u201cbuy the dip\u201d mentality is firmly in place, <a href=\"\/campus\/traders-insight\/securities\/macro\/when-does-sell-the-rips-replace-buy-the-dips\/\">even if a more balanced approach might be more appropriate<\/a>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Recent history is not on the side of these options bulls, by the way.&nbsp; We update our <a href=\"\/campus\/traders-insight\/securities\/macro\/what-to-expect-when-youre-expecting-the-fomc-december-2021-edition\/\">customary table<\/a> that shows the 3-day move from the close on the day prior to an FOMC meeting to the close 2 days later (usually Tuesday to Friday).&nbsp; It shows that since March 2020, when the post-Covid stimulus began in earnest, this period has been generally negative, though quarterly expirations have weighed more heavily upon the data.&nbsp; We will know soon enough whether the options market\u2019s optimism is indeed warranted.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"747\" height=\"699\" data-src=\"\/campus\/wp-content\/uploads\/sites\/2\/2022\/01\/image-113.png\" alt=\"3 Day Changes after Previous FOMC Meetings\" class=\"wp-image-120901 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2022\/01\/image-113.png 747w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2022\/01\/image-113-700x655.png 700w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2022\/01\/image-113-300x281.png 300w\" data-sizes=\"(max-width: 747px) 100vw, 747px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 747px; aspect-ratio: 747\/699;\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>One thing that some equity investors expect is that the Fed will take the recent equity market volatility into account.  Sorry, but I don\u2019t see that happening. <\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[14,15,17,14700,18,6,19,8,9,22,26,3],"tags":[446,314],"contributors-categories":[13576],"class_list":["post-120893","post","type-post","status-publish","format-standard","category-etfs","category-fixed-income","category-futures","category-ibkr-market-insights","category-macro","category-north-america","category-options","category-region","category-securities","category-stocks","category-text-articles","category-traders-insight","tag-federal-reserve","tag-fomc","contributors-categories-interactive-brokers"],"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v28.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>What to Expect When You\u2019re Expecting the FOMC (January 2022 Edition)<\/title>\n<meta name=\"description\" content=\"One thing that some equity investors expect is that the Fed will take the recent equity market volatility into account. Sorry, but I don\u2019t see that...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/120893\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What to Expect When You\u2019re Expecting the FOMC (January 2022 Edition) | IBKR Campus US\" \/>\n<meta property=\"og:description\" content=\"One thing that some equity investors expect is that the Fed will take the recent equity market volatility into account. Sorry, but I don\u2019t see that happening.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/what-to-expect-when-youre-expecting-the-fomc-january-2022-edition\/\" \/>\n<meta property=\"og:site_name\" content=\"IBKR Campus US\" \/>\n<meta property=\"article:published_time\" content=\"2022-01-26T18:01:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-10T18:31:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ibkrcampusdev.wpengine.com\/campus\/wp-content\/uploads\/sites\/2\/2022\/01\/image-111.png\" \/>\n<meta name=\"author\" content=\"Steve Sosnick\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Steve Sosnick\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\n\t    \"@context\": \"https:\\\/\\\/schema.org\",\n\t    \"@graph\": [\n\t        {\n\t            \"@type\": \"NewsArticle\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/what-to-expect-when-youre-expecting-the-fomc-january-2022-edition\\\/#article\",\n\t            \"isPartOf\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/what-to-expect-when-youre-expecting-the-fomc-january-2022-edition\\\/\"\n\t            },\n\t            \"author\": {\n\t                \"name\": \"Steve Sosnick\",\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/person\\\/31988d9596575a63ddc53e92049a2549\"\n\t            },\n\t            \"headline\": \"What to Expect When You\u2019re Expecting the FOMC (January 2022 Edition)\",\n\t            \"datePublished\": \"2022-01-26T18:01:39+00:00\",\n\t            \"dateModified\": \"2023-02-10T18:31:51+00:00\",\n\t            \"mainEntityOfPage\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/what-to-expect-when-youre-expecting-the-fomc-january-2022-edition\\\/\"\n\t            },\n\t            \"wordCount\": 703,\n\t            \"publisher\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\"\n\t            },\n\t            \"image\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/what-to-expect-when-youre-expecting-the-fomc-january-2022-edition\\\/#primaryimage\"\n\t            },\n\t            \"thumbnailUrl\": \"https:\\\/\\\/www.ibkrcampusdev.wpengine.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2022\\\/01\\\/image-111.png\",\n\t            \"keywords\": [\n\t                \"Federal Reserve\",\n\t                \"FOMC\"\n\t            ],\n\t            \"articleSection\": [\n\t                \"ETFs\",\n\t                \"Fixed Income\",\n\t                \"Futures\",\n\t                \"IBKR Insights\",\n\t                \"Macro\",\n\t                \"North America\",\n\t                \"Options\",\n\t                \"Region\",\n\t                \"Securities\",\n\t                \"Stocks\",\n\t                \"Text Articles\",\n\t                \"Traders' Insight\"\n\t            ],\n\t            \"inLanguage\": \"en-US\"\n\t        },\n\t        {\n\t            \"@type\": \"WebPage\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/what-to-expect-when-youre-expecting-the-fomc-january-2022-edition\\\/\",\n\t            \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/what-to-expect-when-youre-expecting-the-fomc-january-2022-edition\\\/\",\n\t            \"name\": \"What to Expect When You\u2019re Expecting the FOMC (January 2022 Edition) | IBKR Campus US\",\n\t            \"isPartOf\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#website\"\n\t            },\n\t            \"primaryImageOfPage\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/what-to-expect-when-youre-expecting-the-fomc-january-2022-edition\\\/#primaryimage\"\n\t            },\n\t            \"image\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/what-to-expect-when-youre-expecting-the-fomc-january-2022-edition\\\/#primaryimage\"\n\t            },\n\t            \"thumbnailUrl\": \"https:\\\/\\\/www.ibkrcampusdev.wpengine.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2022\\\/01\\\/image-111.png\",\n\t            \"datePublished\": \"2022-01-26T18:01:39+00:00\",\n\t            \"dateModified\": \"2023-02-10T18:31:51+00:00\",\n\t            \"description\": \"One thing that some equity investors expect is that the Fed will take the recent equity market volatility into account. Sorry, but I don\u2019t see that happening.\",\n\t            \"inLanguage\": \"en-US\",\n\t            \"potentialAction\": [\n\t                {\n\t                    \"@type\": \"ReadAction\",\n\t                    \"target\": [\n\t                        \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/what-to-expect-when-youre-expecting-the-fomc-january-2022-edition\\\/\"\n\t                    ]\n\t                }\n\t            ]\n\t        },\n\t        {\n\t            \"@type\": \"ImageObject\",\n\t            \"inLanguage\": \"en-US\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/what-to-expect-when-youre-expecting-the-fomc-january-2022-edition\\\/#primaryimage\",\n\t            \"url\": \"https:\\\/\\\/www.ibkrcampusdev.wpengine.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2022\\\/01\\\/image-111.png\",\n\t            \"contentUrl\": \"https:\\\/\\\/www.ibkrcampusdev.wpengine.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2022\\\/01\\\/image-111.png\"\n\t        },\n\t        {\n\t            \"@type\": \"WebSite\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#website\",\n\t            \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/\",\n\t            \"name\": \"IBKR Campus US\",\n\t            \"description\": \"Financial Education from Interactive Brokers\",\n\t            \"publisher\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\"\n\t            },\n\t            \"potentialAction\": [\n\t                {\n\t                    \"@type\": \"SearchAction\",\n\t                    \"target\": {\n\t                        \"@type\": \"EntryPoint\",\n\t                        \"urlTemplate\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/?s={search_term_string}\"\n\t                    },\n\t                    \"query-input\": {\n\t                        \"@type\": \"PropertyValueSpecification\",\n\t                        \"valueRequired\": true,\n\t                        \"valueName\": \"search_term_string\"\n\t                    }\n\t                }\n\t            ],\n\t            \"inLanguage\": \"en-US\"\n\t        },\n\t        {\n\t            \"@type\": \"Organization\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\",\n\t            \"name\": \"Interactive Brokers\",\n\t            \"alternateName\": \"IBKR\",\n\t            \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/\",\n\t            \"logo\": {\n\t                \"@type\": \"ImageObject\",\n\t                \"inLanguage\": \"en-US\",\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/logo\\\/image\\\/\",\n\t                \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/05\\\/ibkr-campus-logo.jpg\",\n\t                \"contentUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/05\\\/ibkr-campus-logo.jpg\",\n\t                \"width\": 669,\n\t                \"height\": 669,\n\t                \"caption\": \"Interactive Brokers\"\n\t            },\n\t            \"image\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/logo\\\/image\\\/\"\n\t            },\n\t            \"publishingPrinciples\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/about-ibkr-campus\\\/\",\n\t            \"ethicsPolicy\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/cyber-security-notice\\\/\"\n\t        },\n\t        {\n\t            \"@type\": \"Person\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/person\\\/31988d9596575a63ddc53e92049a2549\",\n\t            \"name\": \"Steve Sosnick\",\n\t            \"description\": \"Steve is the Chief Strategist at Interactive Brokers. He has held numerous roles in the organization since joining Timber Hill, IBKR\u2019s predecessor, in 1995 as Equity Risk Manager and an options market maker. He developed and implemented automated trading strategies for stocks and options before moving into his current role. Steve has guest authored several columns in Barron\u2019s and made numerous live on Bloomberg TV and Radio, CNBC, Yahoo Finance, Fox Business, and several other media outlets in North America, Asia, Australia, and the Middle East in addition to being quoted frequently in print and electronic media. Prior to joining Interactive Brokers, Sosnick held senior trading roles at Morgan Stanley, Lehman Brothers, and Salomon Brothers, where he completed the firm\u2019s famed training program.\",\n\t            \"sameAs\": [\n\t                \"https:\\\/\\\/ibkr.com\"\n\t            ],\n\t            \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/author\\\/steve-sosnick\\\/\"\n\t        }\n\t    ]\n\t}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"What to Expect When You\u2019re Expecting the FOMC (January 2022 Edition)","description":"One thing that some equity investors expect is that the Fed will take the recent equity market volatility into account. Sorry, but I don\u2019t see that...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/120893\/","og_locale":"en_US","og_type":"article","og_title":"What to Expect When You\u2019re Expecting the FOMC (January 2022 Edition) | IBKR Campus US","og_description":"One thing that some equity investors expect is that the Fed will take the recent equity market volatility into account. Sorry, but I don\u2019t see that happening.","og_url":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/what-to-expect-when-youre-expecting-the-fomc-january-2022-edition\/","og_site_name":"IBKR Campus US","article_published_time":"2022-01-26T18:01:39+00:00","article_modified_time":"2023-02-10T18:31:51+00:00","og_image":[{"url":"https:\/\/www.ibkrcampusdev.wpengine.com\/campus\/wp-content\/uploads\/sites\/2\/2022\/01\/image-111.png","type":"","width":"","height":""}],"author":"Steve Sosnick","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Steve Sosnick","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/what-to-expect-when-youre-expecting-the-fomc-january-2022-edition\/#article","isPartOf":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/what-to-expect-when-youre-expecting-the-fomc-january-2022-edition\/"},"author":{"name":"Steve Sosnick","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/person\/31988d9596575a63ddc53e92049a2549"},"headline":"What to Expect When You\u2019re Expecting the FOMC (January 2022 Edition)","datePublished":"2022-01-26T18:01:39+00:00","dateModified":"2023-02-10T18:31:51+00:00","mainEntityOfPage":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/what-to-expect-when-youre-expecting-the-fomc-january-2022-edition\/"},"wordCount":703,"publisher":{"@id":"https:\/\/ibkrcampus.com\/campus\/#organization"},"image":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/what-to-expect-when-youre-expecting-the-fomc-january-2022-edition\/#primaryimage"},"thumbnailUrl":"https:\/\/www.ibkrcampusdev.wpengine.com\/campus\/wp-content\/uploads\/sites\/2\/2022\/01\/image-111.png","keywords":["Federal Reserve","FOMC"],"articleSection":["ETFs","Fixed Income","Futures","IBKR Insights","Macro","North America","Options","Region","Securities","Stocks","Text Articles","Traders' Insight"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/what-to-expect-when-youre-expecting-the-fomc-january-2022-edition\/","url":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/what-to-expect-when-youre-expecting-the-fomc-january-2022-edition\/","name":"What to Expect When You\u2019re Expecting the FOMC (January 2022 Edition) | IBKR Campus US","isPartOf":{"@id":"https:\/\/ibkrcampus.com\/campus\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/what-to-expect-when-youre-expecting-the-fomc-january-2022-edition\/#primaryimage"},"image":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/what-to-expect-when-youre-expecting-the-fomc-january-2022-edition\/#primaryimage"},"thumbnailUrl":"https:\/\/www.ibkrcampusdev.wpengine.com\/campus\/wp-content\/uploads\/sites\/2\/2022\/01\/image-111.png","datePublished":"2022-01-26T18:01:39+00:00","dateModified":"2023-02-10T18:31:51+00:00","description":"One thing that some equity investors expect is that the Fed will take the recent equity market volatility into account. Sorry, but I don\u2019t see that happening.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ibkrcampus.com\/campus\/traders-insight\/what-to-expect-when-youre-expecting-the-fomc-january-2022-edition\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/what-to-expect-when-youre-expecting-the-fomc-january-2022-edition\/#primaryimage","url":"https:\/\/www.ibkrcampusdev.wpengine.com\/campus\/wp-content\/uploads\/sites\/2\/2022\/01\/image-111.png","contentUrl":"https:\/\/www.ibkrcampusdev.wpengine.com\/campus\/wp-content\/uploads\/sites\/2\/2022\/01\/image-111.png"},{"@type":"WebSite","@id":"https:\/\/ibkrcampus.com\/campus\/#website","url":"https:\/\/ibkrcampus.com\/campus\/","name":"IBKR Campus US","description":"Financial Education from Interactive Brokers","publisher":{"@id":"https:\/\/ibkrcampus.com\/campus\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ibkrcampus.com\/campus\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ibkrcampus.com\/campus\/#organization","name":"Interactive Brokers","alternateName":"IBKR","url":"https:\/\/ibkrcampus.com\/campus\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/logo\/image\/","url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/ibkr-campus-logo.jpg","contentUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/ibkr-campus-logo.jpg","width":669,"height":669,"caption":"Interactive Brokers"},"image":{"@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/logo\/image\/"},"publishingPrinciples":"https:\/\/www.interactivebrokers.com\/campus\/about-ibkr-campus\/","ethicsPolicy":"https:\/\/www.interactivebrokers.com\/campus\/cyber-security-notice\/"},{"@type":"Person","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/person\/31988d9596575a63ddc53e92049a2549","name":"Steve Sosnick","description":"Steve is the Chief Strategist at Interactive Brokers. He has held numerous roles in the organization since joining Timber Hill, IBKR\u2019s predecessor, in 1995 as Equity Risk Manager and an options market maker. He developed and implemented automated trading strategies for stocks and options before moving into his current role. Steve has guest authored several columns in Barron\u2019s and made numerous live on Bloomberg TV and Radio, CNBC, Yahoo Finance, Fox Business, and several other media outlets in North America, Asia, Australia, and the Middle East in addition to being quoted frequently in print and electronic media. Prior to joining Interactive Brokers, Sosnick held senior trading roles at Morgan Stanley, Lehman Brothers, and Salomon Brothers, where he completed the firm\u2019s famed training program.","sameAs":["https:\/\/ibkr.com"],"url":"https:\/\/www.interactivebrokers.com\/campus\/author\/steve-sosnick\/"}]}},"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/120893","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/comments?post=120893"}],"version-history":[{"count":0,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/120893\/revisions"}],"wp:attachment":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/media?parent=120893"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/categories?post=120893"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/tags?post=120893"},{"taxonomy":"contributors-categories","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/contributors-categories?post=120893"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}