The Fed Meets in Two Weeks. Here's the ETF I'd Buy Today Regardless of What It Does.

With the Fed’s September meeting less than two weeks away, market pricing has shifted toward uncertainty over whether rates will be held or hiked. CME FedWatch data cited in the article shows about a 40% chance rates won’t move and about a 60% chance of a rate hike, with roughly half of the voting committee favoring a hike. The piece notes that Fed Chair Kevin Warsh offered no forward guidance at Jackson Hole last week. Against that backdrop, the article promotes buying the Vanguard S&P 500 ETF (NYSEMKT: VOO), which tracks the S&P 500’s performance net of fees and charges a 0.03% expense ratio—about $3 annually per $10,000 in assets. It argues the S&P 500 delivered an 11.9% average total return over 12 months across buy periods from 1988 to 2023.