Investors will be focusing on Wednesday’s FED meeting after a softer-than-expected inflation report.

November’s consumer product prices raised expectations of a market recession, and inflation hasn’t peaked yet. On Tuesday’s trading hours, the S&P 500 benchmark and the Nasdaq feature were positively changed.

By the mid-day trading hours, the S&P 500 index was up by 0.32 percent to 4,007.42 basis points. The Nasdaq feature rose by 0.55% to settle at 11,194.58 basis points.

As for the Dow Jones average industrial feature, the index slipped by 0,1%.

It’s best to mention that food and household prices rose by 0.1% in November compared to the previous month’s CPI report. The ISM inflation report shows that consumer food and product prices recorded a 7.1% year-over-year increase.

While the increase is softer than some expected, consumer prices remain too high for the average American. On average, most grocery and food prices jumped by 14%–50% in the past three months. With a strong recovering labor market and wage increases, the FED is unlikely to begin easing monetary policy.

Investors turned their focus to tomorrow’s FED meeting and the market announcements and decisions that are expected from Jerom Powell, the FED chairman.

Meanwhile, the U.S. dollar kept its tumbling trend against its peer currencies, and after its September peak, the U.S. dollar stopped being an attractive trading currency. As for BTC, nothing changed in some sense; its prices surged, yet they remained too low for last year’s all-time high.

Elsewhere, U.K. banks prepare for the worst as inflation data surges higher. After the pension fund market nearly collapsed today, the UK bank requested global action.

Rising energy costs and food prices in England were relatively higher compared to Germany and other European countries.

As a measure of protection, the former prime minister announced the mini-budget cut, which is expected to cause long-term debt for the country.

On Tuesday’s opening hours, the U.K. reported that several pension funds were near a market collapse. Marketers think that if the country doesn’t take immediate action, the next time the non-bank finance market collapses, it will be the beginning of a global market crash.

The situation in the U.K. shares some similarities with the one in the U.S. After a series of aggressive interest rate hikes by the government and central banks, the nation’s market and economic vulnerability levels increased critically. However, in the U.K., the central banks have intervened in the long-dated bond market. With all that’s going on—higher interest rate hikes, hot inflation, and an energy crisis—businesses start to fall out, and the signs of a recession begin to surface.

As a result of the economic changes, the pension fund market was hours away from collapsing. The threat is real, and that’s why the British government is calling for global action to improve the market and ensure its stability.

As for the U.S., tomorrow is the FED meeting, which will include the estimated interest hike for December and the last hike for this year.