The Federal Reserve is widely expected to raise interest rates at its Sept. 16 decision despite repeated White House calls for lower borrowing costs and opposition from Council of Economic Advisers Chairman Christopher Phelan. Market pricing had already placed the probability of a hike above 90% after August inflation reached 3.4% annually. The Senate's vote against the Clarity Act dealt a setback to the crypto industry, while AI warnings continued to shape market discussion as Nvidia and Meta diverged from their peers. A CNBC survey also forecast a Bank of Japan rate increase on Friday. Investors remain focused on Fed Chair Kevin Warsh's press conference, which could clarify the vote and policy outlook.