U.S. stock benchmarks switch between small gains and losses Wednesday morning as investors trade skittishly ahead of the Federal Reserve’s coming monetary-policy update.
U.S. stocks were little changed in early afternoon trading on Wednesday as investors awaited the Federal Reserve's policy decision for clues on the future path of interest rates. Investors will closely follow Fed Chair Janet Yellen's press conference for views on inflation. The central bank is likely to keep interest rate unchanged and say that it will start unwinding its holdings of about $4.2 trillion in bonds and mortgage-backed securities.
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