Traders are looking ahead to the Federal Reserve’s policy meeting, which begins Tuesday and ends with a rate policy decision Wednesday afternoon.
, a gauge of pricing in fed funds futures. Traders are bracing for a nearly 34% chance of a hike in November as of late Monday.
Six of the 11 major S&P sectors finished Monday's session positive, led by energy, with a 0.7% gain. Consumer discretionary was the worst-performing sector, falling about 1%. Wall Street will parse through a light batch of economic data Tuesday, with preliminary building permits for August and housing starts due out before the bell.
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