TOKYO (AP) — Asian shares were mostly lower, trading in a narrow range ahead of a Federal Reserve meeting later Wednesday that’s expected to result in the third cut to interest rates this year.

Japan’s benchmark Nikkei 225 dropped 0.4% in morning trading to 50,447.95. Australia’s S&P/ASX 200 slipped nearly 0.1% to 8,580.30. South Korea’s Kospi inched up less than 0.1% to 4,144.61. Hong Kong’s Hang Seng lost 0.4% to 25,337.62, while the Shanghai Composite shed 0.6% to 3,887.00.

Eric Schiffer, chairman of The Patriarch Organization private equity firm, expects markets to do well for the rest of the year, and possibly next year.

“The Fed may be even more accommodating than what the market is currently reading. I also believe there is a strong likelihood that there will be more easing on th

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