The FOMC keeps rates steady, but with two dissenting votes. Odds of a rate cut in September fall below 50%. Stocks sell off and yields rise as Chairman Powell speaks.

Wall Street ticked quietly higher ahead of the opening bell Wednesday as markets absorbed another spate of corporate earnings reports while waiting to see what the Federal Reserve will do with its benchmark interest rate.

Wall Street chugged mostly higher in premarket trading as Chinese and U.S. officials begin a second day of trade talks.

U.S. stock indexes are drifting as Wall Street waits to hear from the Federal Reserve about what it will do with interest rates. The S&P 500 was up 0.1% early Wednesday, coming off its first loss after setting all-time highs for six successive days.

U.S. stock indexes are drifting as Wall Street waits to hear from the Federal Reserve later in the afternoon about what it will do with interest rates. The S&P 500

Wall Street on Wednesday gave up its slight gains and turned decisively lower as Federal Reserve chair Jerome Powell signaled that the central bank was in no hurry to cut interest rates. Powell's remarks came at a press conference after the Fed held its key policy rate steady as widely expected.