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.

Bond investors seem to have quickly moved past Wednesday’s Fed meeting. Yields, which rise when bond prices fall, briefly ticked higher after the Fed left out language in its policy statement that inflation was making progress toward its 2% goal.