Pre-FOMC update – Still Treading Water

1:31 p.m. ET It’s a bit of a dull session as the market is essentially in wait-and-see mode ahead of the 2 p.m. ET FOMC, and more importantly Powell’s press conference at 2:30 p.m. ET. there are a few interesting developments today that are largely earnings related like the bullish price action in Dow Transports…