Asian stock markets are trading mixed on Tuesday, following the broadly negative cues from Wall Street overnight, as traders remain cautious and reluctant to make significant moves ahead of the US Fed's interest-rate decision tomorrow, with the central bank widely expected to raise its benchmark lending rate for a tenth time. Asian markets closed mostly higher on Monday.
Ahead of the meeting, CME Group's FedWatch Tool is indicating an 88.9 percent chance the Fed will raise rates by 25 basis points and a 64.1 percent chance the central bank will subsequently leave rates unchanged in June.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.