European stocks are expected to open flat to higher Wednesday as investor focus turns to the Federal Reserve's latest monetary policy decision.
Investors are focused on central bank action this week with the U.S. Federal Reserve, the Bank of Japan, the Bank of England and the European Central Bank all due to announce monetary policy decisions.
The Federal Reserve's two-day policy meeting, where policymakers were expected to discuss speeding up the end of its bond-buying program, concludes on Wednesday. The central bank will release a statement on Wednesday with quarterly projections for the economy, inflation and interest rates. Chairman Jerome Powell will also hold a press conference.
Investors will be watching closely for commentary around whether the Fed plans to accelerate the end of its bond-buying program. At present, the central bank's asset purchase program will end in June 2022, butshowed that investment professionals and economists expect the Fed to wind down its asset purchases by March and begin rate hikes in June.
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