Wall Street edges lower after producer prices data, Fed rate decision in focus

Wall Street’s main stock indices edged lower on Wednesday after data showed February producer price inflation increased more than expected, and ahead of the Federal Reserve’s interest rate decision.

At the open, the Dow Jones Industrial Average fell 79.3 points, or 0.17%, to 46,913.93. The S&P 500 fell 18.9 points, or 0.28%, to 6,697.16​, while the Nasdaq Composite dropped 57.6 points, or 0.26%, to 22,421.962.

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