Will the Federal Reserve decide to raise interest rates by .75% or a full point? If the Federal Reserve decide to raise interest by .75%, could this news lead to a short term rally in stocks? It seems investors are preparing for a full point rate hike ever since last week when the CPI data came out higher than expected. If the Federal Reserve announces tomorrow the rate hike will be .75%, it would not be hard to believe a strong day or so in the market; however, if a rally were to occur, I do still have a bearish outlook for the rest of this year due to a potential future global recession, international conflicts and other factors. If I know one thing for sure about tomorrow, prepare for a lot of volatility.