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HONG KONG (Reuters) - Asian stocks edged lower on Tuesday and the dollar hovered above a record low against a basket of major currencies as investors held their fire ahead of a U.S. Federal Reserve policy-setting meeting that is At the September meeting, the Fed slashed interest rates by a bold 50 basis points, setting alight global stock markets. expected to cut interest rates.Crude oil prices also eased following a four-day rally to a record high of $93.80 a barrel and gold retreated from a 28-year peak of $794.40 an ounce as its five-day run sputtered to a halt.Due to kick off later in the day, the two-day Fed meeting is widely expected to conclude with another cut to the 4.75 percent fed funds rate as the U.S. central bank tries to stave off economic fallout from a housing slump and credit market problems.The move this time would be mainly symbolic, with the Fed wanting to show it's prepared to respond to any problems, rather than flooding the market with cash," said Nagayuki Yamagishi, a strategist at Mitsubishi UFJ Securities.
"This would also give them the leeway for another cut later on if it's needed