The Federal Reserve's Federal Open Market Committee (FOMC) meeting began on schedule at 9:30 a.m. local time (21:30 Beijing time) on Tuesday.

U.S. consumer confidence unexpectedly improved in October, rising for the first time in four months, the Conference Board said on Tuesday. The consumer confidence index jumped 7.5 points to 91.7, its highest since June and well above the economists' median forecast of 81.0. The six-month expectations index climbed about 7 points to 72.6, while the present-situation index reached a six-month high. The Conference Board said the confidence uptick is consistent with a retreat in retail gasoline prices from September to October, but added that confidence remains on a longer-term downward trend despite the October improvement.

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