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Stocks saw substantial volatility following the Federal Reserve's monetary policy announcement on Wednesday. The major averages showed wild swings back and forth across the unchanged line before eventually closing mixed.
The Fed paused rate hikes, but signaled more were most likely coming as the Central Bank's inflation battle appears far from over.
The major U.S. index futures are currently pointing to a lower open on Thursday, with stocks likely to move to the downside following the mixed performance seen in the previous session.
The rate decision isn't the main news Wednesday — it's what might be coming next.
The Federal Reserve held interest rates steady Wednesday and pointed to two more 25-basis-point rate hikes this year.