 The FOMC will likely raise rates by 50 basis points today. The SNB is also expected to raise rates when they meet tomorrow at 3:30 AM ET. The SNB - like the Fed - is expected to raise rates by 50 bps to 1.00. Inflation remains above the target rate. Having said that, the recent inflation has been tamer than forecasts from the SNB and would likely keep hawkish commentary limited. If there is a surprise it would be for a 25 basis point hike but that is currently only a 10 chanc... 