NEW YORK — 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.
In off-hours equities trading, Pinterest jumped 4% after the company said at its investors day that it expected revenue growth to accelerate in the coming years. The Office for National Statistics said the consumer prices index was up 6.7% in August from the year before, down from 6.8% in July.In Asian trading, Japan's Nikkei 225 fell 0.7% to finish at 33,023.78. Australia's S&P/ASX 200 slipped 0.5% to 7,163.30. South Korea's Kospi was little changed, inching up less than 0.1% to 2,559.74. Hong Kong's Hang Seng dipped 0.6% to 17,885.60, while the Shanghai Composite shed 0.5% to 3,108.57.
He said the strong contribution to economic growth from exports in the April-July quarter was expected to weaken in this quarter.
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