The Nasdaq and other major indices declined following the Federal Reserve’s first meeting of the year, with the tech-heavy index falling 1.1% by the afternoon as investors digested the central bank’s cautious stance on interest rates.

U.S. stocks slipped after the Federal Reserve held its main interest rate steady and broke a run of cuts that began in September

By Marc Jones and Lawrence Delevingne LONDON/BOSTON (Reuters) -World markets were calmer on Wednesday as the week’s rollercoaster ride for stock markets turned into wait and see ahead of the Federal Reserve’s first rate meeting of the year and results from Microsoft,