Asian shares traded mixed early Wednesday, mirroring a mixed finish on Wall Street overnight as uncertainty over when the Federal Reserve will raise rates prevailed.
Overnight, U.S. stocks were mostly lower as traders held off bets ahead of the Federal Open Market Committee’s (FOMC) statement that could shed light on the timing of an interest rate hike.
The FOMC’s two-day meeting kicked off Tuesday, with the highly anticipated post-meeting statement and press conference expected on Wednesday. Investors are monitoring whether or not the word “patient” remains in the text as an indication of when short-term interest rates might go up.
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