How do you think SPY will react to the Fed minutes release later? via /r/wallstreetbets #stocks #wallstreetbets #investing

When the Federal Reserve releases minutes from its June 14-15 meeting today, investors will get a deeper look at the central bank’s latest deliberations and economic analysis. 

Rationale behind the Fed’s 0.75-percentage-point rate hike in June, which was the biggest since 1994, has been well telegraphed. Heading into the policy-setting meeting, the consumer price index made a fresh 40-year high and a separate report showed an alarming increase in consumers’ longer-term inflation expectations. The latter data point has since been revised lower, but inflation expectations remain well above the Fed’s 2% target. Central bankers have revealed increased concern over elevated inflation expectations because inflation psychology can become a self-fulfilling prophecy as expectations of higher future prices prompt consumers to pull forward spending.

Read the full article: https://www.barrons.com/articles/fed-fomc-minutes-release-today-rate-hikes-51657050467

The Fed is scheduled to release the minutes from its June 14-15 meeting, giving some insight into the central bank’s strategy to raise rates in its fight to curb inflation. The S&P 500 (SPY) is up 0.19% so far this week, how do you think SPY will react to the Fed minutes release?