Asian shares were mixed Wednesday ahead of a decision on interest rates by the U.S. Federal Reserve. U.S. futures edged higher while oil prices declined. Japan reported that it logged a trade surplus in February,

Wall Street swung back down on Tuesday, and its former superstars once again led the way. The S&P 500 dropped 1.1% for its latest swerve in a scary ride, where it tumbled by 10% from its record and then rallied for two straight days.

U.S. retail sales for February, data Fed officials will see before kicking off their two-day policy meeting on Tuesday, were weaker than expected.

Policymakers have reduced the benchmark rate 100 basis points since the cutting cycle began in September, but chose to pause cuts in January. The market expects that pause to continue at the March meeting, which ends today (March 19). Even so, investors are eagerly awaiting commentary.