U.S. stock indexes are drifting on Wednesday after the Federal Reserve decided to keep interest rates where they are.

Under normal circumstances, a pair of dissents in favor of a rate cut would be taken as a sign the Fed is taking a dovish turn, Tom Essaye, editor of Sevens Report Research, wrote in a Tuesday note. It would be signal that policymakers are moving in favor of easing, making a reduction at the next meeting a more likely event.

The US Federal Reserve is expected to hold rates steady amid continued pressure from Donald Trump to lower borrowing costs. Trump had earlier announced plans to sack the Fed Chair but later abandoned any consideration of firing Jerome Powell.

The Indian stock market awaits a gap-down opening on Thursday, July 30, after US President Donald Trump announced a supersized 25% tariff rate on India for trade.