NEW YORK | Stocks drift as markets await Fed’s interest-rate call



NEW YORK— Stock indexes around the world held steady on Wednesday as markets awaited a Federal Reserve decision on interest rates scheduled for the afternoon.

Economists are nearly certain that the Fed will raise short-term rates by a quarter of a percentage point, the third such increase this year. But investors are more interested in what the Fed and Chairman Jerome Powell say about what’s coming next. Most investors expect a fourth rate increase in December with perhaps a few more in 2019, as the economy continues to strengthen.

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