The Fed rate decision is today at 2 p.m. ET, and futures trading puts hike odds above 90%. It would be the first since 2023. Yields hit 19-year highs Tuesday and oil rose again.

Investors are focused on today’s Fed decision, rising Treasury yields, and elevated oil prices as energy disruptions, inflation concerns, and key economic data shape market expectations.

Stocks are lower across the board as concerns around higher oil, rising Treasury yields and potential inflationary forces sideline investors.

Tomorrow is expected to bring the first Federal Reserve rate hike since 2023. Oil spiked and tech stocks stumbled Monday amid AI slowdown fears. The 10-year yield topped 5%.

Last Friday's 0.3% monthly core CPI growth for August raised chances of a Fed rate hike Wednesday. Data is thin, so oil and a possible test of 5% for the 10-year note could be key.

Stocks remained range-bound, but underlying market volatility, sector rotation, rising oil prices, Treasury yields, and positioning ahead of next week's FOMC meeting kept the outlook cautious as equities tested key support levels.

August PPI is due at 8:30 a.m ET and precedes CPI Friday. Both have Fed rate implications. Stocks fell early this week on rising oil and yields. Oracle and Adobe report later.

Not sure which to choose? Here are some things to consider about individual bonds versus bond funds.

Although investing in in-state municipal bonds may have tax advantages, there can be good reasons to buy out-of-state munis.