P.M. Edition for May 1. The Federal Reserve is <a href="https://www.wsj.com/economy/central-banking/fed-says-inflation-progress-has-stalled-and-extends-wait-and-see-rate-stance-51b74bbf?st=zzxtkcc4o9fzv12&reflink=desktopwebshare_permalink">holding interest rates steady</a>, acknowledging recent inflation setbacks. Heard on the Street editor <a href="https://www.wsj.com/news/author/spencer-jakab">Spencer Jakab</a> explains. And BlackRock begins offering 401(k) retirement plans <a href="https://www.wsj.com/personal-finance/retirement/blackrock-lifepath-paycheck-retirement-plan-9a3c9c96?st=rd0f7mr2c6jekei&reflink=desktopwebshare_permalink">with a monthly check</a>. Markets reporter <a href="https://www.wsj.com/news/author/jack-pitcher">Jack Pitcher</a> has more. Plus, Arizona’s legislature votes to <a href="https://www.wsj.com/politics/policy/arizona-abortion-ban-repeal-f3f0a530?st=ugrm2hu7kjdv3bb&reflink=desktopwebshare_permalink">repeal the state’s nearly total ban on abortions</a>. Annmarie Fertoli hosts.

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Fed Holds Rates Steady, Extends Wait-and-See Stance

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