The S&P/TSX Composite Index was little changed around the 35,000 mark on Wednesday as investors weighed the Fed's latest policy decision and awaited confirmation of a US-Iran peace agreement. As expected, the Fed kept interest rates unchanged at 3.50%-3.75% and signaled a more hawkish outlook, reinforcing expectations that borrowing costs could remain elevated for longer. However, easing energy-related inflation concerns helped push Canadian bond yields lower, supporting financial stocks. RBC, TD Bank, and BMO gained about 1%, while Scotiabank advanced nearly 2%. In contrast, energy shares came under pressure on expectations of a normalization in Middle East oil supplies, with Suncor and Imperial Oil losing more than 2%.