Asian stocks muted with Fed rate cut in focus

Investing.com-- Most Asian stocks kept to a tight range on Wednesday as investors hunkered down in anticipation of a Federal Reserve meeting where the central bank is widely expected to cut interest rates.

Asian markets took middling cues from a flat overnight session on Wall Street, as anticipation of the Fed deterred any big bets. U.S. stock index futures were mildly positive in Asian trade.Sentiment towards China remained weak following a slew of weak economic readings released over the past few days, which showed persistent headwinds for the country’s biggest growth drivers.

The BOJ is expected to keep interest rates unchanged, but is likely to strike a hawkish chord and reiterate plans to raise interest rates further in the coming months.) rose 2% after Bloomberg reported the firm had won an extension in the security review of its takeover bid for United States Steel Corporation (NYSE:The Fed is widely expected to cut interest rates, with traders split over expectations for a 25 or 50 basis point cut. But bets on a 50 bps cut were seen growing in recent sessions.

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Asian stocks decline as traders await more cues about Fed's rate-cut pathAsian equity markets edge lower on Wednesday, tracking the overnight pullback on Wall Street that snapped an eight-day winning streak.
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