NEW YORK (AP) — U.S. stock indexes are drifting on Wednesday after the Federal Reserve decided to keep interest rates where they are, a move that could upset President Donald Trump but was one that Wall Street was widely expecting.

U.S. stock indexes are drifting on Wednesday as Wall Street waits to hear from the Federal Reserve later in the afternoon about what it will do with interest rates. The S&P 500 was edging up by 0.2% in afternoon trading,

Equities lost ground on Wednesday while the U.S. dollar extended gains after the Federal Reserve kept rates unchanged and said there was no decision made about a widely expected cut in September.