Welcome to Seeking Alpha's Wall Street breakfast, where we cover the top news for investors every morning.

Good morning. Today is Wednesday, March 22nd, and I'm your host Julie Morgan.

It's day two of the FOMC meeting, no increase 25 basis points or 50 basis points.

That's the big question today and we'll have an answer at 2 p.m. Is it still considered a meme stock?

GameStop is up nearly 40% pre-market after recording a surprise Q4 profit.

Today is stock of the week Wednesday,

and we're hearing from Cash Flow Hunter on Seeking Alpha

about Charles Schwab.

How many of their counts, you know,

get nervous, even though they really shouldn't be nervous. In a recent

article he wrote that Schwab has been unfairly tarnished from the failure of

S. I. Our top story leading up to the Federal Reserve's decision today from their two-day monetary policy meeting,

traders had been expecting the Federal Open Market Committee to ratchet up its key interest rate by 50 basis points because

the economy appeared to be surprisingly robust. But then three banks failed and a

fourth was teetering that may have fed policy makers rethinking their expectation for a rate hike this week and for their rate path ahead.

I'm checking out the CME Fed Watch tool now and it says there's an 87.8% chance of a 25 basis point hike.

The odds of no rate hike stand at 12.2%.

That's down from a 30.6% probability a week ago, but up from a 0% chance a month earlier.

The Fed has increased its key rate for eight straight meetings in its drive to push down inflation, bringing the federal funds

rate target range to between 4.5 and 4.75 percent.

The situation is fluid as economists assess the shock delivered by the failures of Silicon Valley Bank and Signature Bank, both of which were seized by regulators over a week ago.

Days before that Silvergate Capital said it would voluntarily wind down

...