Asian Stocks Swing As Traders Bide Time Ahead Of US Rate Decision

Source: International Business Times

All eyes are on the Federal Reserve's policy decision, with expectations high that it will cut interest rates AFP Asian stock markets were mixed Wednesday as investors bided their time ahead of an expected US interest rate cut later in the day. Traders took a breather from the global rally that has lifted several indexes to record highs over recent weeks as they await the Federal Reserve decision and post-meeting comments by bank boss Jerome Powell. While a 25-basis-point reduction -- the first of 2025 -- has been baked into valuations for some time, the main debate has revolved around how many more are in the pipeline and how big they will be.