US stocks tick up ahead of Federal Reserve’s rate decision

NEW YORK (AP) — Stocks are ticking higher Wednesday on Wall Street, ahead of a decision on interest-rate policy by the Federal Reserve scheduled for the afternoon. The S&P 500 was 0.2% higher. Package delivery giant FedEx is helping to lead the way after the boom in online shopping during the pandemic drove stronger profit growth than expected in its latest quarter. Investors don’t expect anything major from the Fed, which will announce its decision on monetary policy and almost certainly will keep keep short-term rates near zero. Treasury yields fell after a report showed U.S. retail sales rose less last month than expected.