Welcome to Fed day… and what a crucial one it could be! While the market is all-but-certain that the central bank will raise interest rates for the first time in three years, nothing is guaranteed—especially with the lack of forward guidance from Chairman Kevin Warsh.

However, if it’s a hike, two more questions will follow. Is it the right decision? A growing number of market watchers fear it would be a mistake. And how many more increases will come in the months ahead? History suggests it’s rarely just one.

The artificial-intelligence trade has many more questions, even some you didn’t know needed answering. Like is Intel the next hot memory stock? It’s in talks with SK Hynix to make chips in the U.S., according to a report Wednesday.

AI regulation poses another query. Nvidia CEO Jensen Huang answered it with an emphatic no again on Tuesday, while Meta’s Mark Zuckerberg added his voice to the increasingly loud argument against a slowdown in development. 

One final question. Can the S&P 500 stop the rot after six declines in the past seven days?

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