According to Politico, the EU and Canada began steps to consolidate bilateral ties at a summit in Montreal today.

Samsung Electronics reported disappointing results; Micron Technology (MU.O) shares fell 3.5% in premarket trading.

Markets broadly expect the Fed to stand pat tonight. CNBC says the core dilemma is that inflation has worsened since the last meeting and several indicators point to further deterioration, which could force the Fed into more aggressive tightening in coming months. TD Securities warns that a clear upside inflation surprise or continued strength in the labor market could prompt markets to price a 50bp hike at the next Fed meeting.