Investors braced for the Federal Reserve's next interest rate decision and earnings from tech giants Microsoft and Meta.

U.S. stock indexes are drifting as Wall Street waits to hear from the Federal Reserve later in the afternoon about what it will do with interest rates.

The US Federal Reserve is expected to hold rates steady amid continued pressure from Donald Trump to lower borrowing costs. Trump had earlier announced plans to sack the Fed Chair but later abandoned any consideration of firing Jerome Powell.