Stocks falter ahead of Fed on trade deal worries

MSCI’s gauge of stocks across the globe .MIWD00000PUS slipped 0.06% in Asia on Wednesday from a 21-month high reached on Tuesday.

“With a cut today completely priced in, markets are looking to the Fed’s stance on its policy outlook,” said Masahiro Ichikawa, senior strategist at Sumitomo Mitsui DS Asset Management. Fading expectations of aggressive rate cuts by the Fed have lifted the two-year U.S. bond yield to 1.642% US2YT=RR, compared with a two-year low of 1.368% in early October.

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