In less than 30 minutes the FED is going to raise interest rates about as much as a couch potato raises his thumb to change the channel. Its more of a ceremonial move. A "Hey look! See we can raise rates!"
It was 7 years ago to the day when Ben and the FED announced ZIRP - or zero percent interest rate policy.
What happens after a hike? From BI:
What kind of hike will it be? From CNBC:
The market loves the end of December. Hike or no hike the writing very well already be on the wall:
The market should react accordingly. Spikes up, big red candles lower, and then prices should settle up. Also Yellen squeeks at 2:30pm.