Stock futures retreated modestly on Tuesday as Wall Street readied for the start of the Federal Reserve’s two-day September policy meeting. Futures tied to the Dow Jones Industrial Average lost 30 points, or 0.1%. S&P 500 futures slid 0.1%, while Nasdaq 100 futures slipped 0.2%. The major averages are coming off a largely flat session, with the S&P 500 inching up 0.07%. The Nasdaq Composite eked out a 0.01% gain, while the 30-stock Dow edged up 0.02%, or 6.06 points. “The overall market feels a little bit choppier than we’ve seen for the first nine months of this year,” Ankur Crawford, a portfolio manager at Alger, said on CNBC’s “Closing Bell” on Monday. “China, that was supposed to work and supposed to come out of Covid … the U.S. consumer is showing signs of a little bit more pressure. So we’re heading into choppier markets, and that’s basically just waterfalling into tech.” The Fed is not expected to raise rates this week, with traders pricing in a 99% probability that the central bank skips a hike, according to CME Group’s FedWatch tool, a gauge of pricing in fed funds futures. Traders are putting just a 29% chance of a hike in November as of early Tuesday. Six of the 11 major S&P sectors finished Monday’s session positive, led by energy, with a 0.7% gain. Consumer discretionary was the worst-performing sector, falling about 1%. Wall Street will parse through a light batch of economic data Tuesday, with preliminary building permits for August and housing starts due out before the bell. AutoZone is slated to report earnings before the bell. U.S. Treasury yields were little changed on Tuesday as investors looked to fresh economic data and the start of the Federal Reserve’s two-day September meeting. The yield on the 10-year Treasury rose just around 1 basis point at 4.333%. The 2-year Treasury yield was near flat at 5.067%. Asia-Pacific markets fell across the board as traders parsed minutes from the Reserve Bank of Australia for its policy meeting on Sept. 5 where the bank had said that inflation in the country is still “too high.” The bank had said that further policy tightening may be required if inflation is more persistent than expected. In Australia, the S&P/ASX 200 fell 0.47%, while both South Korea’s Kospi and Kosdaq were down 0.74% and 0.98% respectively. Japan’s Nikkei 225 slumped 1.09% upon its return from a public holiday, while the Topix saw a smaller loss of 0.26%. Hong Kong’s Hang Seng index dipped 0.21%. The CSI 300 lost 0.31%. Oil prices rose in early trade on Tuesday for the fourth consecutive session, as weak shale output in the U.S. spurred further concerns about a supply deficit stemming from extended production cuts by Saudi Arabia and Russia. U.S. West Texas Intermediate crude futures gained $0.80, or 0.87%, to $92.28, while global oil benchmark Brent crude futures rose 34 cents, or 0.36%, to $94.77 a barrel. Prices have gained for three consecutive weeks. Gold prices hit a two-week high on Tuesday as the U.S. dollar eased from a six-month peak ahead of the start of the Federal Reserve’s policy meeting later in the day, with markets braced for a new set of economic forecasts from the central bank. Spot gold was steady at $1,933.31 per ounce after hitting its highest since Sept. 5 earlier in the session. U.S. gold futures edged up 0.1% to $1,955.