"Markets Anticipate Fed's Interest Rate Decision: Dow and S&P 500 Rise"

The Dow Jones Industrial Average and S&P 500 rose as investors awaited the Federal Reserve's decision on interest rates, with expectations that rates will remain steady. Traders are focused on the central bank's future plans for rate hikes and the potential for a rate cut. The recent rally in oil prices pulled back slightly, and concerns remain about prices potentially exceeding $100. Klaviyo made its debut on the stock market with a valuation of $9.2 billion, while an unexpected slowdown in UK inflation increased the likelihood of the Bank of England pausing interest rate increases. Bank of America raised its year-end target for the S&P 500 to 4,600, expressing optimism despite macro headwinds.