Asian Stocks Poised to Edge Higher Ahead of Federal Reserve Decision

Asian stock markets are poised to edge higher as investors await the Federal Reserve's interest-rate decision on Wednesday afternoon in Washington. The MSCI's Asian equities gauge has risen by 0.2% after snapping a four-day losing streak, while equity-index futures for Wall Street benchmarks have edged up by 0.1%. Investors are pricing in a more-than-90% chance of an increase.

The Federal Reserve is expected to hike interest rates for the first time since 2023, with traders anticipating this move. This decision will likely have a significant impact on global markets, and investors are closely watching the outcome.