Asian stock markets have been trading higher today ahead of the Federal Reserve’s highly anticipated rate hike decision.

In China, stocks have been buoyed by the return from the Lunar New Year break and are now close to bull market highs.

Meanwhile, in the U.S., the Dow and S&P 500 have been trading higher, with the Dow up 0.2%.

Asia-Pacific markets have also been trading higher, with the Nikkei 225 up 0.4%, the Hang Seng up 0.5%, and the ASX 200 up 0.6%.

Investors have been cautiously optimistic ahead of the Fed’s decision, with the dollar on edge.

Analysts expect the Fed to raise rates by 25 basis points, which could lead to a further rally in stock markets.

The decision is expected to be announced later today, and investors will be closely watching the markets to see how they react.