Global Market Today: Asian stocks edge lower with Fed decision in focus

Asian stocks edged lower on Wednesday with the MSCI regional gauge down 0.1% as investors awaited the US Federal Reserve's policy decision. Brent crude recovered slightly after sliding about 5% to below $79 in the prior session, while the S&P 500 fell 0.6% and Nasdaq 100 dropped almost 2% on Tuesday on semiconductor weakness. Wall Street strategists are deeply divided on the Fed's rate path, with PGIM forecasting three rate hikes this year, Citi expecting cuts, and BNP projecting three hikes starting December.