BANGKOK (AP) - Asian stock markets fell today as investors waited for the U.S. Federal Reserve to telegraph what it plans to do next with its economic stimulus program.
The Fed is conducting its third round of massive bond purchases known as quantitative easing to help drive down interest rates and spur lending. But recently improving data on the U.S. economy has led to speculation that the Fed might consider scaling back the program or winding it down earlier than expected.
Benchmark crude oil rose to near $97 per barrel. The dollar rose against the euro and the yen.