The Fed is seen keeping rates paused at its meeting today, but investors await key economic and rate projections. PPI and crude are front and center early with inflation fears up.
As the Fed prepares for a rate decision tomorrow, few expect a move. Instead, focus might stay on crude after its retreat gave stocks a lift Monday. Nvidia's event also continues.
Stocks moved between slight losses and gains early as crude prices rose. There's been no progress reopening the Strait of Hormuz. The Fed meeting starts today, with PPI tomorrow.
Investors face a Fed meeting, chip giant Micron's results, and a long awaited Nvidia conference. Stocks are down three straight weeks, and oil hit $98 Friday, dominating news.
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