Asian stocks traded mixed on Wednesday as investors await the Federal Reserve's interest-rate decision later in the day for directional cues.
The U.S. central bank is widely expected to cut interest rates by 25 basis points but the focus will be on the release of Summary of Economic Projections, which will unveil the U.S. Fed dot plot.
The U.S. dollar held steady against the yen and other major rivals in Asian trade and gold ticked higher, while oil prices traded mixed after a two-day decline as industry data showed a sizeable drawdown in U.S. commercial crude inventories.
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Business News
August 21, 2026 14:42 ET The minutes of the latest policy meeting of the Federal Reserve, housing market data and manufacturing sector survey results were the main news for the U.S. economy this week. In Europe, inflation data from the U.K. was the highlight, while consumer price data from Japan drew attention in Asia.