Wall Street Holds Steady Ahead of Fed Interest Rate Decision

Wall Street held steady on Wednesday as investors waited for the Federal Reserve's decision on interest rates. The S&P 500 rose 0.4%, its second gain in eight days, while the Dow Jones Industrial Average was down 34 points or 0.1%. The Nasdaq composite was 0.8% higher.

The stock market got a boost from easing oil prices and lower bond yields. Brent crude, the international standard, saw its price decrease slightly. Traders expect the Federal Reserve to announce an interest rate hike later in the day to combat high inflation.

Despite some volatility, the market remains steady ahead of the Fed's decision. This move is expected to help control the nation's high inflation levels.