FOMC rate decision in focus.

Bob Iaccino covers the morning's market action with stock index futures mostly higher, while the Dow lags. Metals find support as Treasury yields dip across the curve, despite a slightly stronger U.S. dollar, and crude oil pulls back. The primary focus shifts to the afternoon's FOMC decision, where markets anticipate a 25-basis-point rate hike, followed by Chair Kevin Warsh's press conference and updated dot plot projections. Looking ahead, traders prepare for Thursday's interest rate decisions from the Bank of England and the Bank of Japan, alongside key U.S. housing data and the Philly Fed manufacturing index.