Asia: Markets edge higher with eyes on Federal Reserve policy meeting

The Business Times | Sep 16, 2020 at 2:00 AM
  • Asian stocks edged up on Wednesday but investors trod a cautious path following a broadly positive start to the week.
  • The bank “is likely to emphasise a decidedly low rate outlook for years to come to help nurse the world’s biggest economy back to health after a record contraction”, said Joe Manimbo of Western Union Business Solutions, referring to the second quarter’s contraction of more than 30 per cent.
  • US Democratic House Speaker Nancy Pelosi on Tuesday announced a new attempt to break weeks of deadlock with the White House and Republican-controlled Senate on passing a new stimulus package.