Power Breakfast: US Markets Turn Red Ahead Of FOMC Meeting Outcome, Today Another 0.75% Rate Hike Is Expected

The US market slipped ahead of the Fed's policy decision. Dow Jones fell 313 points to close at 30,706 level. On the other hand, Nasdaq registered a decline of 110 points. The S&P 500 is down 1.13%. SGX Nifty dropped 50 points to trade near 17,750. Nikkei has slipped 261 points. Today another 0.75% rate hike is expected.