European stocks edge higher; Fed meeting in focus

Investing.com - European stock markets edged higher Wednesday, with the focus squarely on the conclusion of the latest U.S. Federal Reserve policy-setting meeting.Prices grew by 2.9% year on year in October, the slowest pace since July 2021, from 4.3% a month earlier, according to Eurostat's flash estimate.is done with raising rates as part of its fight against high inflation.

Data showing a resilient economy has markets considering the possibility of a 25 basis point hike in December, and traders are looking to see if Powell attempts to keep another hike on the table.rose 0.9% on the month in October, an annual fall of 3.3%, in a sign that this battered sector is attempting a recovery after a series of rate hikes by the Bank of England.

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