*Oil prices rose more than 1%, reversing the morning's decline. Brent futures, the international benchmark, rose above $77 per barrel, while West Texas Intermediate crude was priced just above $76.*

*In this context, attention is focused on the Fed's scheduled policy decision at 2 p.m. ET, when the central bank is expected to keep interest rates steady. The focus is on the "dot plot" to clarify whether two rate cuts are still expected this year. Investors will be watching Fed Chair Jerome Powell's press conference for insights on economic pressures amid tariffs and Trump's trade policy.*

*Meanwhile, weekly unemployment claims remained near their highest level in eight months.*