U.S. stocks bounced around their records on Wednesday after the Federal Reserve made moves to boost the job market but also warned that more help isn’t guaranteed. The S&P 500 finished virtually flat and edged down by less than 0.

U.S. stocks are edging back from their records after the head of the Federal Reserve warned that more cuts to interest rates are not guaranteed. The S&P 500 slipped 0.4%

The Federal Reserve has cut interest rates for the second time in six weeks as inflation remains high and the US labor market shows more signs of strain.The Fed announced the approval of a quarter-point rate cut in a news release on

US key indices hit record highs ahead of the Federal Reserve's policy announcement, with expectations of a rate cut due to a weakening labor market.

The widespread expectation is that the Fed will announce the second cut of the year to its main interest rate in hopes of helping the slowing job market.