European stocks open cautiously higher as global markets await the Fed's rate decision

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European markets opened cautiously higher Wednesday as global investors await the latest monetary policy decision from the U.S. Federal Reserve.

The Federal Reserve is widely expected to hold rates steady Wednesday, but the central bankers will give an update on their economic outlook with the summary of economic projections, which includes one key chart that traders will have an eye on.

Falling house prices and rising rents are expected to benefit two U.K. stocks, according to stock analysts. The analysts expect one of the stocks to rise by more than 60% over the next 12 months, thanks to the trend.CNBC Pro: Strategist says this tech giant is the 'cheapest of all the mega-cap names' right now

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