"The market sees a 0.25% rate hike as a fait accompli, and is interested in the implications for future policy after the meeting."

Ahead of the US Federal Reserve's Federal Open Market Committee (FOMC) decision on the benchmark interest rate scheduled for the early morning of the 4th (Korean time), there is a lot of speculation surrounding the direction of stock prices.

CNBC said it expects rates to rise again, but market attention will be a hint from the Fed on future policy direction.

According to CME Group's FedWatch, there is about an 0% chance that the Fed will raise 25.80 percentage points this time.

All other forecasts are projecting this level of increase.

Ultimately, investor attention is focused on whether to pause the move to raise rates after this meeting, or to tighten further to control inflation.

JPMorgan has outlined four scenarios for the rate decision.

First of all, the most likely forecast was "suspension after this hike."

If the market accepts that future rate hikes will be halted based on the Fed's comments, the S&P 4 will rise between 500.0~5% on the day.

The second most likely is the possibility of 'hike and sustain'.

JPMorgan said the Fed is likely to signal further hikes as two consumer price index reports are scheduled before next month's meeting.

In this case, the S&P 1 index is expected to decline between 500.0~75.1%.

The third scenario is unlikely to be, which is not to raise this time and to stop in the future.

The market responded and the S&P 25 was expected to rise about 500.1%.

The last scenario, unlikely, is that the Fed cuts rates.

In this case, the S&P 5 is expected to surge by 500.2%.

Meanwhile, more than 5 Democrats, including Massachusetts Senator Elizabeth Warren and Washington State Representative Pramila Jayapal, wrote to Fed Chairman Jerome Powell the day before, expressing concern that millions of Americans could lose their jobs due to the Fed's monetary policy and calling for a halt to interest rate hikes, CNBC reported.

(Photo=AP, Yonhap News)