Asian Stocks Rise Ahead of Fed's Interest Rate Hike

Asian stocks are generally higher ahead of the Federal Reserve's decision on interest rates. The central bank is expected to raise rates for the first time in over three years, following a speech by Fed Chair Kevin Warsh last month warning that inflation remains above the 2% target.

A recent release of U.S. data showed stubbornly high inflation, bolstering expectations for higher rates, which can slow borrowing and cool costs. Economists say this would be a significant move, with potential implications for global markets.