A look at the day ahead in Asian markets from Stephen Culp.
VIX and world bank stocks
As central banks around the world juggle financial sector liquidity needs with their ongoing effort to curb inflation while avoiding recession, with the Federal Reserve due to convene for its two-day monetary policy meeting on Tuesday. Market expectations regarding the size of the Fed's next rate hike to be announced on Wednesday - and indeed whether it will raise interest rates at all - are in constant flux.
At last glance, financial markets have priced in a 73.1% likelihood of a 25 basis point increase to the Fed funds target rate and a 26.9% probability of no hike at all, according to CME's FedWatch tool.
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