S&P 500 futures rose Wednesday as the Federal Reserve’s interest rate decision looms. Futures tied to the S&P 500 gained 0.2%, and Nasdaq-100 futures advanced 0.3%. Futures tied to the Dow Jones Industrial Average climbed 31 points, or about 0.1%. The Fed is scheduled to deliver its latest policy decision at 2 p.m. ET. Though the Fed is widely expected to maintain a steady hand on interest rates, traders are keeping a close eye on the central bank’s forecast for rate policy. Central bankers will be sharing their quarterly updates on rate expectations, as well as their outlook for gross domestic product, inflation and unemployment. Those insights arrive at a time when traders are shaky on what’s ahead for the U.S. economy and the impact on markets. “Fed Chair Powell has repeatedly said that the risks to price stability and full employment are balanced,” said Scott Helfstein, Global X’s head of investment strategy. “That is likely still true, but risks to both are rising. This is not time to sell and go away, but perhaps time to review long-term strategy against near-term volatility.” Investors are coming off of a rough Tuesday, which saw the recent market sell-off come back in full force after two winning sessions. In regular trading, the Dow Jones Industrial Average lost 0.6%, while the S&P 500 shed more than 1%. The broad market index ended the day off 8.6% from its February record close. The Nasdaq Composite declined 1.7% as shares of technology darlings Tesla, Palantir and Nvidia fell. The major averages have been on a roller-coaster ride in recent weeks, as traders navigate soft economic data and uncertainty around President Donald Trump’s tariff policy. The S&P 500 officially entered correction territory last week, and the Nasdaq is still in a correction — meaning it’s down more than 10% from its recent high. U.S. Treasury yields were little changed on Wednesday as investors anticipated the Federal Reserve’s latest interest rate decision amid rising economic uncertainty. The benchmark 10-year Treasury note yield was last up more than 1 basis point at 4.295%, and the 2-year Treasury yield was up more than 2 basis points at 4.071%. Asia-Pacific markets traded mixed on Wednesday, following declines on Wall Street after a sell-off in technology stocks picked up pace. Japanese markets were in focus for investors. The Bank of Japan held interest rates steady at 0.5%, in line with expectations, as the central bank weighed the potential impact of U.S. President Donald Trump’s tariffs. Japan’s benchmark Nikkei 225 lost 0.25% in choppy trade to end the day at 37,751.88, while the broader Topix index increased 0.45% to 2,795.96. Over in South Korea, the Kospi index advanced 0.62% to close at 2,628.62 while the small-cap Kosdaq fell 0.96% to 738.35. Mainland China’s CSI 300 closed flat at 4,010.17 while Hong Kong’s Hang Seng Index was flat in its last hour. India’s benchmark Nifty 50 rose 0.39% while the broader BSE Sensex picked up 0.28% as at 1.15 p.m. local time. Australia’s S&P/ASX 200 ended the day 0.41% lower at 7,828.30. Oil prices fell on Wednesday after Russia agreed to U.S. President Donald Trump’s proposal that Moscow and Kyiv temporarily stop attacking each other’s energy infrastructure, a move that could eventually pave the way for Russian oil to enter global markets. Brent crude futures were down 59 cents, or 0.84%, to $69.97 a barrel at 0924 GMT. U.S. West Texas Intermediate crude (WTI) was down 60 cents, or 0.90%, at $66.30. Russian President Vladimir Putin agreed on Tuesday to stop attacking Ukrainian energy facilities but stopped short of endorsing a full 30-day ceasefire that Trump hoped for. Gold slightly eased on Wednesday, as some profit-booking kicked in after prices scaled a record peak, while focus shifted to U.S. Federal Reserve policy decision due later in the day. Spot gold fell 0.2% to $3,027.89 an ounce after hitting an all-time peak of $3,045.24 earlier in the session. U.S. gold futures shed 0.1% to $3,036.60. There is a possibility of profit booking because the price rally was quite sharp, but “it’s possible for prices to move beyond $3,050 level driven by market fears in terms of geopolitics,” said Soni Kumari, a commodity strategist at ANZ.