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Wall Street quiet ahead of Fed rate hike decision

March 22, 2023

Via: ABC News

Stocks are holding steady Wednesday as Wall Street bides its time until the Federal Reserve’s announcement in the afternoon about whether it will tighten the screws further on the economy.

The S&P 500 was virtually unchanged in morning trading. It’s coming off its first back-to-back gain in two weeks, before the second- and third-largest U.S. bank failures in history threw the industry into turmoil.

The Dow Jones Industrial Average was virtually flat at 32,561 points, as of 10:20 a.m. Eastern time, while the Nasdaq composite was also basically unchanged.

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