Healthcare companies BristolMeyers-Squibb Co BMY.N, Eli Lilly and Co LLY.N and Merck & Co MRK.N are due to report before trading commences on Wall Street. The main theme ahead of the Fed announcement was that Chair Jerome Powell would definitely, totally, absolutely push back against the recent rapid easing in market conditions given inflation was still sky high. The market is almost fully priced for a hike of 50bp and the promise of more to come, though it was notable that Euribor rallied overnight to imply deeper cuts next year.