Wall Street Awaits Fed's Decision Amidst Economic Uncertainty

Wall Street's indices remained stable as traders anticipated a Federal Reserve decision on interest rates. Amid economic uncertainty, including a government shutdown and potential leadership changes at the Fed, markets expect a rate cut. The focus remains on inflation, AI earnings, and fluctuating stock performances.

Wall Street's major indices held steady on Wednesday as investors awaited the Federal Reserve's decision on interest rates, amid an atmosphere thick with economic uncertainty.

The Fed's meeting is described as one of its most challenging in years, as policymakers grapple with balancing lower borrowing costs to stimulate the labor market against the risk of inflamed inflation.

Meanwhile, the spotlight is also on the approaching earnings reports from major AI industry players as investors scrutinize how these companies will generate returns amidst recent market volatility.

(With inputs from agencies.)