ASX 200 closed down 33 to 7163 (0.5%). Falling for a third consecutive session. The ASX 200 is down 116 points this week, erasing almost all of last week’s gains (122 points +1.71%). All eyes now turn to the Fed tonight. Markets have priced in a 99% likelihood they will hold rates, with hopes Powell’s speech will provide clues for interest rate trajectory (unlikely). Likely will be an American English version of the RBA meeting minutes, prudently hawkish and data dependent. Most sectors finished in the red today. Consumer discretionary sector surprised as the top performer today, buoyed by ALL up 2.9% following its analyst briefing yesterday and a bevy of broker upgrades today. BBT up 4.76%, but no love for PBH down 1.4%. Energy stocks took a hit today as oil eased on market caution. WDS down 2.1%, PDN down 4.5%, KAR off 0.8%, and AGE plummeted 20.59% following its institutional placement. Big miners dow