NewsWare’s Trade Talk: Wednesday, March 22

S&P Futures are flat to higher which is typical on day when an announcement is scheduled from the FOMC. Expectations are for a 25% basis point hike, but the outcome remains questionable due to the recent banking crisis. Fed Chair Jerome Powell's press conference is scheduled for 02:30 pm and will likely create volatility and spook the markets. The Treasury markets are experiencing a liquidity issue which will likely be a topic that Powell will need to comment on. European exchanges are mixed to higher and oil is lower ahead of the EIA data.