Asian markets traded mixed on Wednesday as investors awaited the outcome of the U.S. Federal Reserve’s policy meeting, where another interest rate cut is widely expected.
Japan’s Nikkei 225 surged more than 1%, setting a fresh record high, while the Topix index remained largely flat. In South Korea, the Kospi edged up 0.17%, whereas the Kosdaq slipped 0.25%.
Australia’s S&P/ASX 200 declined 0.16%, and markets in Hong Kong were closed for public holidays.
U.S. Federal Reserve Meeting Outlook
Market participants are anticipating a 25-basis-point rate cut, following September’s reduction — which would bring the federal funds rate down to a range of 3.75%–4.00%.
The federal funds rate, set by the Federal Open Market Committee (FOMC), represents the rate at which banks lend to each other overnight. While it does not directly affect consumers, the Fed’s monetary policy moves often influence borrowing costs for home loans, credit cards, and business financing.
Disclaimer:
This article is for informational purposes only and does not constitute financial or investment advice. Investors should perform their own research or consult a qualified financial advisor before making any investment decisions.
