HONG KONG — Asian markets were mixed Wednesday as traders tried to ascertain how big an expected Federal Reserve (Fed) interest rate cut would be later in the day, while the dollar held gains against the yen after forecast-beating US data.
While the US central bank is widely expected to cut borrowing costs for the first time since the start of the pandemic, the big question is whether officials will go for a bumper move before a series of smaller ones into the new year.
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