We expect a "step down" to a 50 basis point hike, bringing the rate to the 4.25% - 4.5% range, says Collin Martin. He and Kevin Gordon joins Oliver Renick to give a recap of the market. They talk about how the markets closed higher ahead of tomorrow's CPI report. They talk about the S&P 500 winners which include Valero (VLO), American Airlines (AAL), and J.B. Hunt (JBHT) and the losers which include Moderna (MRNA), Tesla (TSLA), and Tractor Supply (TSCO). They then preview the FOMC meeting that begins tomorrow. Kevin Notes that all attention will be on the mix of inflation data and the Fed's reaction. Tune in to find out more about the stock market today.