Key Takeaways Members of the Federal Open Market Committee grappled with uncertainty about trade policy and the trajectory of the economy ahead of their decision to keep interest rates steady in May,

The U.S. Federal Reserve at its May 6-7 meeting undercut expectations that it would change its policy interest rate anytime soon, and minutes from that session released on Wednesday may show just how firmly policymakers are holding onto their current wait-and-see approach.

The Federal Reserve released its minutes from its May FOMC meeting on Wednesday, which illustrated that nearly all central bank officials agreed on the long-term inflation impacts of President Trump's tariff policies.

The Dow Jones is down slightly on Wednesday after a failed attempt to reach 42,450. Equity markets are awaiting after-the-bell earnings from AI rally darling Nvidia (NVDA). The Fed’s latest Meeting Minutes show the Fed remains firmly entrenched in wait-and-see mode.

Wall Street’s "fear gauge" was wavering on Wednesday afternoon, as investors weighed the minutes of the Federal Reserve's most recent policy meeting. The Cboe Volatility Index, which trades under the ticker symbol VIX,

The Federal Reserve Bank of New York said Wednesday that late next month it will add morning offerings for its liquidity providing Standing Repo Facility.

GBP/USD jumped slightly immediately following the release of the Fed's Meeting Minutes, with Cable jump into 1.3475 as investors collect into USD-negative positions early.