U.S. stock indexes are rising as Wall Street waits to hear what the Federal Reserve will say about where interest rates may be heading.

When Wall Street strategists were cheering on President Trump’s electoral victory and projecting another rosy year for U.S. stocks, J.P. Morgan’s Michael Cembalest was taking a decidedly different tack.

Asian shares are mostly higher following an advance on Wall Street after the Federal Reserve said the economy still looks healthy enough to keep interest rates where they are