Asian stocks mostly higher ahead of Fed's interest rate decision - Traverse City Record-Eagle

HONG KONG (AP) — Asian shares were mostly higher Wednesday despite losses on Wall Street, as investors await the Federal Reserve’s decision on interest rates, with high expectations of a rate hike . U.S. futures also edged higher. There is widespread expectation that the Fed will hike rates Wednesday for the first time in three years as inflation remains elevated in the U.S. and above the Fed’s target. Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.