New Delhi, March 20 -- U.S. stock indexes recouped some of the early losses on Thursday, as investors digested the Federal Reserve's outlook on interest rates amid persistent tariff worries.

Traders looked to build on the previous session's gains after a massive sell-off in recent weeks due to the uncertainty tied to President Donald Trump's trade policies. The Fed maintained current interest rates on Wednesday as expected and reaffirmed its forecast for two 25 basis point reductions by the end of year.

The central bank also projected slightly reduced growth and increased inflation for the year, alongside a modest uptick in the unemployment rate by 2025.

All the three major stock indexes closed higher by more than 1% each in the previo...