Explained: S&P 500 at new all-time high; what are the key triggers to watch?

It was a good session on Wall Street with the S&P 500 touching fresh record. This perhaps is the most widely tracked traded equity index in the world and it is at a new high as of last night.

The trigger or what markets will be watching out for is - there is this FOMC decision on Wednesday, it is going to be an important one simply because of the reason that the market has been aggressively pricing in how fast and how soon the Fed will increase interest rates.

CNBC-TV18’s Prashant Nair has some data on the key triggers ahead and what the markets are watching.