U.S. stock indexes are drifting on Wednesday, ahead of the Federal Reserve’s upcoming decision on interest rates and after two days of disruption driven by doubts about the artificial-intelligence boom.

The us central bank will release its interest rate decision, the first of year 2025, on Wednesday. After three straight rate cuts last year, the Fed is widely expected to hold interest rate steady thi

U.S. equity indexes dipped and Treasury yields pushed higher on Wednesday after the Federal Reserve held interest rates steady and gave little insight into when further reductions in borrowing costs may take place.

With healthy hiring and some progress on inflation, Fed official have said that the pace of rate cuts will slow this year.

A desire for low rates confronts a very different economic backdrop—with higher price pressures—from his first term.