Stock Market Update

[BRIEFING.COM] The stock market moved slightly higher over recent trading. Moves in either direction are limited as investors wait on the FOMC policy announcement today at 2:00 ET.

The market is also waiting anxiously to hear what Fed Chair Powell will say at his 2:30 p.m. ET press conference. That -- and not the policy decision at 2:00 p.m. ET -- is the focal point. The market expects the FOMC to vote to leave the target range for the fed funds rate unchanged at 4.25-4.50%.

Participants will be listening for any perceived guidance on inflation and economic growth risks related to the tariffs as it impacts moving rates in the future.