It’s a Fed day with a highly anticipated rate increase in the cards. The FOMC announcement, followed by a press conference could make the afternoon highly volatile. In the meantime, the morning is full of tier one data releases. Thus a likely scenario is some volatility this morning, followed by a low volatility Fed wait mode, and then fireworks after the announcement. Anything could happen, including the FOMC announcement being a dud… Unpredictability is high… Size bias into the morning numbers is short on light volume.