Federal Reserve Chair Jerome Powell
Federal Reserve Board Chairman Jerome Powell speaks during a news conference after a Federal Open Market Committee meeting on February 01, 2023 in Washington, DC.
  • US stocks rose Wednesday as investors await the Federal Reserve's interest rate decision.
  • Wall Street largely expects the Fed to hold rates steady, with the focus on the prospect of a future hike.
  • Oil prices and the 10-year Treasury yield eased from Tuesday highs.

US stocks rose Wednesday as investors await the Federal Reserve's latest interest rate decision in the afternoon.