Wall Street edges up ahead of Fed's decisions

US stock indices rose marginally on Wednesday ahead of the Federal Reserve's policy decisions. 

A Probable Hike

The Federal Reserve welcomed UBS's acquisition deal of Credit Suisse for 3 billion francs, in a deal that aimed at restoring confidence in the banking sector. 

However markets remain uncertain in regards to the banking crisis, with UBS reportedly planning to let go of tens of thousands of employees worldwide following the acquisition. 

The Federal Reserve is currently holding its policy meeting to decide on the path forward to control inflation. 

Investors are uncertain, but most analysts expected a 0.25% rate hike, while a few expect the Fed to maintain rates unchanged to calm the markets. 

Fed Chair Jerome Powell will hold a press conference to explain the decisions. 

Dow Jones rose 0.1%, or 19 points as of 14:51 GMT to 32,580, while S&P 500 rose 0.1%, or 6 points to 4,009, as NASDAQ added 0.1%, or 18 points to 11,878.