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. stocks ended lower but off their lows of the day on Wednesday as the Federal Reserve held interest rates steady as expected and Fed Chair Jerome Powell offered soothing comments on the economy.

The release of Chinese AI model DeepSeek led to a stock market rout for U.S. tech firms on Monday. However, Wall Street believes the industry will bounce back. When Chinese startup DeepSeek released its latest AI model DeepSeek-R1 last week,