Here's what to expect from market leading up to Fed rate hike

12:16 PM ET Wed, 22 Aug 2018

According to the CME FedWatch Tool, there's a greater than 90 percent chance the Fed will increase interest rates at the next FOMC meeting, set to take place on September 26. Since the start of the current Fed rate hike cycle, which began in December 2015, the month leading up to a rate hike tends to be a bullish stretch for the S&P 500 and the Dow.