-- Asia stocks were poised for a fairly muted open Tuesday as traders prepared for a potentially historic rate decision in Japan that’s expected to end the world’s last negative rates regime.Equities in Tokyo were set to open Tuesday slightly down in early trading, while futures pointed to Hong Kong stocks edging lower and Australian shares looking flat. That followed Monday’s tech-led rebound on Wall Street ahead of a raft of other central-bank decisions this week from the US to UK.
Australia’s central bank will also announce its rates policy on Tuesday and is widely expected to hold them at a 12-year high, with the economy showing signs of slowing further while unemployment trends higher. Goldman Sachs Group Inc. economists led by Jan Hatzius changed their forecast to call for three quarter-point Fed cuts this year — instead of four. The change, which brings the forecast in line with the median forecast policymakers made in December, is “mainly because of the slightly higher inflation path,” they said.
“We think he will say the Committee will be patient and take as long as needed to accumulate sufficient confidence – underlining June is not guaranteed and the Fed would delay to July/September if necessary, Guha noted.
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