Fed Expected to Hold Rates Steady

The U.S. Federal Reserve resumed its two-day policy meeting on Wednesday and was expected to keep interest rates unchanged while setting the stage for a hike in December.

Policymakers on the rate-setting Federal Open Market Committee reconvened at 9 am ET, an official said. A decision on monetary policy was due later on Wednesday at 2 pm ET.

(Reporting by Jason Lange; Editing by Chizu Nomiyama)