(Reuters) - NEW YORK, May 9 - U.S. blue-chip stocks rose on Wednesday as optimism about possible takeovers and a drop in oil prices tempered caution ahead of the Federal Reserve's interest-rate decision.
The Fed's policy statement, expected at 2:15 p.m. , may provide clues about the outlook for rates this year. Policy-makers are expected to hold the benchmark overnight federal funds rate target steady at 5.25 percent.
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