US stock indices climb ahead of interest rate decision

US stock indices rose on Wednesday ahead of the Federal Reserve’s interest rate decision today. 

Analysts expect the Fed to hold interest rates unchanged at this week’s meeting. 

However, investors expect the Fed to release detailed forecasts for growth, inflation and interest rates to gauge the impact of US President Donald Trump on policies. 

Investors continue to be concerned about the ongoing global trade war and its impact on businesses and sales.

On trading, Dow Jones rose 0.64% as of 15:08 GMT, or 240 points to 41,820 points, while S&P 500 rose 0.6%,  or 33 points to 5648 points, as NASDAQ rose 0.8%, or 154 points to 17,650 points.