Inflation accelerated slightly for the month of October, sparking concern the Fed could pause its interest rate-cutting cycle in January.

U.S. stocks drifted to a mixed finish Wednesday after the latest inflation update boosted hopes that more help for the economy will arrive next month through a cut to interest rates. The S&P 500 was nearly unchanged and edged up by less than 0.

U.S. stocks are ticking higher ahead of the Federal Reserve’s announcement coming later in the afternoon about what it will do with interest rates.

Asian shares meander, tracking Wall Street's mixed finish as dollar surges - Shares are mixed in Asia after a lackluster finish on Wall Street following a report showing an uptick in inflation in the U.

Inflation was in-line with expectations, leading investors to solidify bets for another quarter-point Fed rate cut in December.