Major indices are holding in the green, but moving off session highs as investors await the Fed rate decision at 2 PM EST.

The Street thinks there is a 99.9% chance the interest rate will remain unchanged, but opinions on what’s next vary greatly among professional investors.

Today, we hope there is clarity.

Meanwhile, Powell & Co.’s current restrictive policy is affecting regular folks. Delinquencies are going through the roof.

On the other hand, rich folks and institutions with seven trillion in money markets are sitting back, collecting over $300 billion a year.

The public has noticed, and more people are wondering why the Fed cut rates under conditions like those currently.

The only sector in the red is Energy (XLE) as oil moves slightly lower. Meanwhile, Consumer Discretionary (XLY) is in the lead.

The ten year treasury yield (TNX) is down 4.2 basis points and moving below the 50-day moving average.

Reminder that the market will be closed tomorrow for Juneteenth.