Asian stocks were largely subdued on Wednesday as investors remained cautious ahead of today’s Federal Reserve policy decision and dot plots. The region was also digesting the latest Chinese inflation data, which showed a slight increase in prices.

In other news, China has reportedly fallen short of its goal to buy US soybeans set under the Trump trade agreement, according to CNBC. However, US Trade Representative Greer said that China’s rare earths continue to flow and expects to sign more trade deals over the coming weeks.

Meanwhile, US President Trump is set to kick off the final round of Fed Chair interviews this week, with senior administration officials indicating that Kevin Hassett remains in pole position to succeed Powell as Fed Chair, according to the Financial Times.

Looking ahead, investors will eye a range of economic data, including Norwegian CPI (Nov), US Employment Costs (Q3), and BoC/FOMC/BCB Rate Announcements. Speakers from the Bank of England, European Central Bank, and Federal Reserve are also expected to provide insights into the state of their respective economies.

In terms of earnings, Oracle, Adobe, and Synopsys are among the companies set to release their quarterly results this week. Supply chain disruptions and ongoing global trade tensions may continue to impact businesses, so investors will be keeping a close eye on these updates.