asian stocks: Asian stocks outside Japan eked out just a 0.1 per cent gain, while benchmark indices in Japan and China dithered either side of flat with investors reluctant to push shares much higher before the Fed meeting, according to Nine News Australia. The Fed is widely tipped to lift rates 25 basis points to 0.50-0.75 per cent when it concludes a two-day policy meeting on Wednesday. European shares lost 0.3 per cent in early trade, while US stock futures were also a tad weaker, suggesting a cautious start to trade after Tuesday stock market rally to new all-time highs. Its rate announcement is due at 1900 GMT, followed by Chair Janet Yellen news conference 30 minutes later. With a rise fully priced in by markets, eyes are on the Fed economic and rate dot plots for a sense of how policymakers think President-elect Donald Trump policies will impact growth and inflation. It would be the Fed first interest rate hike in a year and its second since the financial crisis.
(news.financializer.com). As
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