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Asian markets mixed as Fed rate decision looms

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Asian markets were mixed on Wednesday as the previous day's China-induced rally gave way to cautious trading ahead of a Federal Reserve policy decision.

AFP/Isaac Lawrence

But focus has now returned to central banks' battle to tame inflation, with the Fed tipped to deliver another increase in borrowing costs later in the day. Post-meeting comments by bank chief Jerome Powell will be closely followed for an idea about officials' plans for the rest of the year.

 

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