Fed Decision & Macro Data

FOMC expected to hold rates at 3.50-3.75% but inflation remains sticky. Hawkish tone possible. Also Q2 GDP and PCE data this week. Market pricing in potential rate hikes later, with odds at 31%. However, some analysts argue a hike is unlikely due to transitory energy inflation and fragile consumer. Impact on rate-sensitive sectors and big tech. Futures mixed ahead of Fed decision; major indexes dropped on Wednesday ahead of the decision.