U.S. stock indexes slipped Wednesday after the Federal Reserve opted not to cut interest rates for the first time since it began trying to help the economy through easier rates in September. The S&P 500 fell 0.

Fed Chair Jerome Powell said the central bank does “not need to be in a hurry,” in an afternoon press briefing, adding that its policy stance is well-calibrated for the times.

Aussie markets are being tipped to trend lower through Thursday morning, following slumping U.S. markets after the Federal Reserve said it was in “no hurry” to dish out further rate cuts in the new Donald Trump regime.