Tuesday 20 September 2016

Asia stocks waver as investors nervously Await Fed

Asian shares edged lower on Tuesday as investors nervously waited on the outcomes of the Federal Reserve and Bank of Japan policy meetings that begin later in the session. Global markets have been blowing hot and cold in recent weeks over the Fed's intentions, not helped by both hawkish and dovish comments from several Fed officials over this period. 

 

The consensus is that the Fed will leave interest rates unchanged at the end of its two-day meeting, with investors focusing on the statement as well as Chair Janet Yellen's speech for clues on the timing of the central bank's next interest rate increase. 

 

"It's a lot of uncertainty, leading into the Fed," said Jennifer Vail, head of fixed income research at US Bank Wealth Management in Portland, Oregon.

 

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