Powell could still hammer U.S. stocks on Wednesday even if the Fed doesn't hike interest rates

The past six weeks have left investors with more questions than answers about the outlook for U.S. monetary policy and, by extension, financial markets.

“The fact is, the Vix is relatively low. That indicates a very sanguine, if not complacent market. And a complacent market can sometimes be more susceptible to a negative shock.” Liz Ann Sonders, chief market strategist at Schwab, said clues could potentially surface during the Q&A at the post-meeting press conference, which often has more of an impact on markets than Powell’s statement.

At the same time, consumer-price inflation has accelerated for two months in a row. Some on Wall Street have started to worry about stagflation, and financial markets are now pricing in about even odds that the Fed will leave interest rates on hold.

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Stocks were falling as investors await direction from the Fed on rates By Investing.comStocks were falling as investors await direction from the Fed on rates
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