U.S. stocks slipped after the Federal Reserve held its main interest rate steady and broke a run of cuts that began in September

U.S. equity indexes dipped and Treasury yields pushed higher on Wednesday after the Federal Reserve held interest rates steady and gave little insight into when further reductions in borrowing costs may take place.

Treasury yields ticked higher Wednesday after the Federal Reserve held interest rates unchanged and didn’t say that inflation was making progress toward its 2% goal, as it had in its previous policy statement.