Stock market news today: Investors brace for Fed's next policy move

US stocks edged higher on Wednesday as investors await the Federal Reserve's next big policy decision.

All eyes will be on Fed Chair Jerome Powell's news conference this afternoon for signals about future rate moves. Traders are pricing in an 87.4% chance the central bank will hike rates by 25 basis points, data from theInvestors also have their eyes on corporate earnings.Here's where US indexes stood shortly after the 9:30 a.m. ET open on Wednesday:

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