Pre-FOMC Update

1:41 p.m. ET The FOMC (2 p.m. ET) is less than 20 minutes away. There is not a lot of conviction on either side of the tape so far today. The market-cap weighted S&P 500 (-0.4%) and equal weighted S&P 500 (-0.4%) are both lower, but market breadth reflects more positive action under the index…