Market indecisive as Fed considers hike

THE market could not seem to decide how to move on Wednesday as the Federal Open Market Committee (FOMC) wraps up its meeting with a decision on an interest rate increase - or not.

Singapore's benchmark Straits Times Index rose in the morning but dipped nearer the end of the trading session to finish a mere 2.18 points or 0.06 per cent lower at 3,511.13.

Market watchers observe "indecision" and a wait-and-see attitude among investors, as they position themselves for the Fed's decision as well as the unfolding of US's imposition of trade tariffs on China at the end of this week.