We expect the Fed to hold rates steady, notes Cooper Howard. He and Liz Ann Sonders give a recap of the markets and preview the FOMC decision tomorrow. Cooper says to leave to the door open for additional hikes this cycle. Liz Ann also thinks the Fed won’t hike this week, but the dot plot will be analyzed closely. She also highlights that cracks have already appeared in labor data. They then go over the outlook for rate cuts in 2024. Tune in to find out more about the stock market today.