Investors Are Expecting Another 75bps Rate Hike This Week. Are They Right? 9/20/22

As the Federal Reserve kicks off its two-day policy meeting today, investors are overwhelmingly expecting a third 75 basis point interest rate hike. Apex Financial’s Lee Baker gives his thoughts. Plus, tech and growth shares have been taking the biggest hit in recent days, with the Nasdaq down more than 2% this month. Evercore’s Mark Mahaney dives into the tech trade. And, China is keeping its benchmark lending rates unchanged today, even as the Fed and other central banks are tightening their policies. The China Beige Book’s Shehzad Qazi explains what this means for the rest of the world.