Investing.com -- U.S. stocks are rising in early trading on Wednesday as investors await the latest Federal Reserve decision on interest rates later today.
The main indices on Wall Street closed the month higher for the day, attempting to regain their footing at the end of a bruising October. The blue chip Dow fell 1.4% and the broad-based S&P dropped 2.2% last month, resulting in their first three-month losing streak since March 2020. The tech-heavy fell 2.8%, its worst October since 2018.to keep interest rates at elevated levels, or even higher, for longer than previously expected, especially in the wake of last week’s strong third quarter economic growth estimates.
The U.S. central bank concludes its latest two-day policy meeting later in the session. Investors widely expect the Fed to hold rates steady, and comments from Chairwill again take the spotlight as investors parse every word to gauge if another interest rate increase is on the cards later this year.
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