Stock market today: US stocks fall ahead of Fed decision

Stock market today: US stocks fall ahead of Fed decision

Stocks slipped as traders eyed the conclusion of the Fed's policy meeting. Markets are widely expecting the Fed to keep interest rates unchanged. The outlook for rate cuts this year continues to sour, with traders pricing in just one or two cuts by December. US stocks were mostly lower on Wednesday as traders waited for the Federal Reserve to announce its next move on interest rates. Central bankers are concluding their Federal Open Markets Committee meeting this afternoon and will …