J.P. Morgan said that the market generally expects interest rates to be raised by 25 basis points this time, and the Federal Reserve's statement will determine whether the stock market will rise or fall after the resolution is announced. The S&P 500 index may rise 0.25% to 0.75% if it only follows conventional interest rate hikes and forward-looking guidelines; if interest rate hikes also release stronger anti-inflationary signals, the stock index can rise by 0.5% to 1%. If interest rate hikes are suspended unexpectedly, long-term yields rise, and the stock market may fall 1.25% — 1.75%. The biggest risk scenario is that the Federal Reserve signals that interest rates must be kept at a significantly higher level in order to curb inflation. J.P. Morgan estimates that under these circumstances, the S&P 500 index may fall by 1% to 2%, and this round of rising markets may be under pressure.

J.P. Morgan said that the market generally expects interest rates to be raised by 25 basis points this time, and the Federal Reserve's statement will determine whether the stock market will rise or fall after the resolution is announced. The S&P 500 index may rise 0.25% to 0.75% if it only follows conventional interest rate hikes and forward-looking guidelines; if interest rate hikes also release stronger anti-inflationary signals, the stock index can rise by 0.5% to 1%. If interest rate hikes are suspended unexpectedly, long-term yields rise, and the stock market may fall 1.25% — 1.75%. The biggest risk scenario is that the Federal Reserve signals that interest rates must be kept at a significantly higher level in order to curb inflation. J.P. Morgan estimates that under these circumstances, the S&P 500 index may fall by 1% to 2%, and this round of rising markets may be under pressure.