Most stocks fell in Asia on Tuesday as investors grow nervous about the Federal Reserve's plans for interest rates next year following an expected cut this week.

With traders fully confident of a reduction Wednesday, observers said they would be keeping a close eye on the central bank's so-called "dot plot" of projections for monetary policy.

They will also be poring over its post-meeting statement and boss Jerome Powell's news conference, looking for clues about the debate taking place among decision-makers.

Bets on a third successive cut -- and more in 2026 -- have surged on the back of data pointing to a weakening jobs market, which has offset concerns about stubbornly high inflation.

That optimism was boosted last month by reports that President Donald Trump's top economic aide Kev

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