Asia morning trade digesting a record US PPI rate

The FOMC concludes its two-day meeting with their statement due at 1900 GMT and Powell at 1930 GMT.

The US PPI released Tuesday posted a record annual increase of almost 10% in November. As Asian traders digest this data expectations will turn to a more hawkish pivot from the Fed.

• faster QE tapering to be announced
• with rate hikes not far behind

FOMC preview is here:

• FOMC preview: Taper timeline likely to be cut in half

• Goldman Sachs are watching the FOMC dot plot for near-term USD direction
• Moody's says the Fed's FOMC will be walking a fine and dangerous line this week (preview)
• Fed's FOMC meeting preview