Wall Street drifts after the Fed indicates it may still cut rates twice this year

NEW YORK (AP) — U.S. stocks drifted after the Federal Reserve indicated it may cut interest rates twice this year, though it's far from certain about that. The S&P 500 ended basically flat Wednesday. The Dow Jones Industrial Average slipped 0.1%, and the Nasdaq composite rose 0.1%. Treasury yields also wavered but ultimately held relatively steady after Fed Chair Jerome Powell said the central bank is still waiting to see what the effects of tariffs will be on the economy before deciding its next moves on interst rates. The price of oil swung in its latest yo-yo moves amid fighting…