Asia-Pacific markets were set to trade mixed on Wednesday as investors awaited inflation data from China later in the day and an interest rate decision from the Federal Reserve.

Traders are looking ahead to the Federal Reserve’s closely watched interest rate announcement on Wednesday stateside, the final one of the year. Markets largely expect the Fed to trim its benchmark overnight lending rate by another 0.25 percentage point, matching the cuts made in September and October.

Over in Asia, Australia’s S&P/ASX 200

was little changed in early trade.

Japan’s Nikkei 225