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The Independent UK
The Independent UK
National
Elaine Kurtenbach

Stock market today: Asian shares track Wall Street gains ahead of Fed decision on interest rates

Copyright 2023 The Associated Press. All rights reserved.

Asian shares were mostly higher Wednesday after Wall Street advanced to claim back some of the ground it gave up in another losing month.

Investors are awaiting a decision later Wednesday by the Federal Reserve on interest rates and updates on the state of the U.S. economy. The overwhelming expectation is that the Fed will keep its overnight interest rate steady. The bigger question is how long it will keep that main rate high.

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