Asian markets drift as traders weigh outlook for rates

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Asian markets drift as traders weigh outlook for rates
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Asian markets fluctuated Wednesday as investors tried to figure out the Federal Reserve's interest rate plans, while demand concerns saw oil prices struggling to recover from the previous day's plunge. But Asian investors were more circumspect, with some markets drifting in and out of positive territory.

Asian markets fluctuated Wednesday as investors tried to figure out the Federal Reserve's interest rate plans, while demand concerns saw oil prices struggling to recover from the previous day's plunge., and with geopolitical tensions relatively subdued, US monetary policy is in focus after the central bank last week hinted at no more tightening.

"But because of some of the strangeness of this moment, there is the possibility of the golden path, that we got inflation down without a recession." "While we continue to see near-term headwinds for equities, we believe conditions are in place for positive total returns over the next six to 12 months."

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