A.M. Update

S&P futures (-0.07%) are set for a flat start in front of the FOMC decision at 2:00 p.m. ET, Fed Chair Powell’s press conference at 2:30 p.m. ET, then Oracle earnings after the bell. The 10-yr yield is at 4.20%, up 19 basis points this month as ond volatility (MOVE) starts picking up, while the…