Stock market today: Wall Street drifts again in the countdown to a Federal Reserve announcement


Source: sootoday.com sootoday.com

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NEW YORK (AP) — Stocks are ticking higher as Wall Street waits to see the Federal Reserve’s latest forecasts for where interest rates may be heading. The S&P 500 was up 0.2% in early trading Wednesday, continuing a quiet run this week where markets have made few big moves. The Dow rose 68, and the Nasdaq composite was up 0.1%. It’s nearly a foregone conclusion among traders that the Fed will say in the afternoon that it’s keeping its main interest rate steady. The question is what Fed officials say in updated projections they’re releasing about where they see rates...