India, March 19 -- After closing the previous session on a firm note following the passage of a massive spending plan, German stocks are mostly subdued on Wednesday as investors await the Federal Reserve's monetary policy announcement later in the day.

The Fed is widely expected to hold rates unchanged. The post-meeting statement and economic projections from Fed Chair Jerome Powell are eyed for clarity on how fresh tariffs by the Trump Administration may impact prices and economic activity.

Investors are also looking ahead to the policy announcement from the Bank of England on Thursday.

The benchmark DAX, which dropped to 23,215.44 in early trades, was down 33.13 points or 0.14% at 23,360.10 a little while ago.

Vonovia is declining by ...