Asian stocks mostly higher ahead of Fed’s interest rate decision - WTOP News

`U.S. futures rose Wednesday ahead of the Federal Reserve’s decision on interest rates with high expectations that they will move higher in what would be the central bank’s first hike in more than three years. Federal Reserve Chair Kevin Warsh, economists say, has largely boxed himself into a rate hike after delivering a high-profile speech last month warning that inflation remains well above the Fed’s 2% target. U.S. data released last week showing that inflation remains stubbornly high bolstered expectations for higher rates, which can slow borrowing and cool costs. That puts Warsh on a collision course with President Donald Trump, who wants the Fed to cut interest rates.