On Tuesday, Indonesia's benchmark Jakarta Composite Index fell by as much as 7.1% — the worst since 2011. Circuit breakers and trading halts were triggered, igniting fears that the rout could deepen. The JCI is down about 10% so far this year.

U.S. stocks are drifting lower Thursday and giving back some of their gains from the day before. The S&P 500 was down 0.4% in early trading. The Dow Jones Industrial Average was down 212 points, or 0.

U.S. stock indexes are rising as Wall Street waits to hear what the Federal Reserve will say about where interest rates may be heading.

The Fed is currently neutral on interest rates but could resume cuts later this year. If you're house hunting, here's how that may—or may not—impact 2025 mortgage rates.

Prices are now projected to rise faster than expected at least in part and perhaps largely due to Trump's plans to levy duties on imports from U.S. trading partners, Fed Chair Powell said.