Asian Stocks Slip Ahead of Fed Rate Cut, Future Policy Eyed

• Asian stocks slipped as markets awaited the Federal Reserve's expected interest rate cut later this week.
• The Fed is widely anticipated to lower borrowing costs, but future easing cycles are expected to be shallow with fewer cuts in 2026.
• Other central banks, including the RBA, SNB, and Bank of Canada, are expected to hold rates steady.
• The dollar remained steady, while the yen was calm despite a powerful earthquake in Japan.
• Asian chip stocks wobbled after the US allowed Nvidia's H200 processors to be exported to China with a 25% fee.

Why It Matters: Fed's rate decision impacts global markets and your financial future.