Business
US shares go up as market waits for interest rate news
Reported by Ishita Mukherjee (Staff Writer) · Livemint - Markets ·
Representative image · Wikimedia CommonsMarket Movement
US stock indices edged higher on Wednesday as investors awaited the Federal Reserve's interest rate decision later in the day. A decline in crude oil prices offered some relief amid ongoing concerns over inflation and the Middle East conflict.
Fed Decision
The Fed is scheduled to announce its rate decision at 2 p.m. ET. The outcome is being closely watched by investors as elevated Treasury yields, persistent inflation, and escalating tensions in the Middle East continue to weigh on risk appetite.
Market Outlook
Market participants will also closely track comments from Fed Chair Kevin Warsh for indications about the future path of interest rates.
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