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 Treasury yields fell from their session highs after the Federal Reserve announced it would leave interest rates unchanged at a range between 2.25% and 2.50%, as expected. The 10-year Treasury note yield fell 1.1 basis points to 2.047%, after trading at an intraday high of 2.099%. The 2-year note yield fell 5.5 basis points to 1.803%. The 30-year bond yield was virtually unchanged at 2.549%. Bond prices move in the opposite direction of yields. The Federal Open Market Committee dropped the phrase "patience" from its policy statement and said uncertainties around the economic outlook had increased. The central bank's projections for interest rates, or the dot plot, showed eight members of the FOMC anticipated at least one rate cut this year.
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 The Fed kept its key interest rate at 2.25% to 2.5% but signaled it was prepared to cut rates if the US trade war with China deepens
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 Federal Reserve officials on Wednesday held its benchmark interest rate unchanged but shifted away from its patient stance, saying it was watching data closely and would act as appropriate to sustain the expansion.
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 A gauge of global stock markets gained modestly on Wednesday to reach six-week highs and benchmark government bond yields rose from multiyear lows as investors awaited a decision on monetary policy from the U.S. Federal Reserve later in the session.
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Wall Street's main indexes took a pause on Wednesday, after a rally the previous day, as investors held back from making big bets ahead of the Federal Reserve's policy statement that is expected to lay the groundwork for future interest rate cuts.
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Stock index benchmarks head slightly higher Wednesday morning as investors await a key decision by the Federal Reserve that could determine whether Wall Street is likely to get a highly anticipated interest rate cut, or cuts, this year.
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