France's CAC 40 added 0.2% to 7,292.91 in early trading. Germany's DAX fell nearly 0.1% to 15,716.61. Britain's FTSE 100 was little changed, rising less than 0.1% to 7,659.91. The futures for the Dow Jones Industrial Average and the S&P 500were up less than 0.1%.
Traders almost universally expect the Fed to keep rates steady at its meeting this week. Attention will mainly focus on forecasts Fed officials will publish about where they expect interest rates, the economy and the job market to head in upcoming years. But just as much attention will be on what Fed officials say about next year, when investors expect the Fed to begin cutting interest rates. Investors crave such cuts, which typically loosen up financial conditions and give boosts to financial markets. The big question is by how much the Fed could cut.
In Asian trading, Japan's Nikkei 225 dropped 0.9% to finish at 33,242.59. Australia's S&P/ASX 200 lost 0.5% to 7,196.60. South Korea's Kospi edged down 0.6% to 2,559.21. Hong Kong's Hang Seng rose nearly 0.4% to 17,997.17, while the Shanghai Composite inched down less than 0.1% to 3,124.96.
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