The utilities sector, as measured by the XLU ETF, declined today despite the Federal Reserve holding interest rates steady. The accompanying statement noted that inflation remains 'elevated', and a notable number of FOMC members dissented in favor of a rate hike, signaling a potentially more aggressive future path for rates which negatively impacts this interest-rate sensitive sector. Adding to the pressure were mixed second-quarter earnings reports from key utility companies, with some like CMS Energy reporting disappointing results.