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European stocks set for lower open ahead of Fed rate decision

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European markets are heading for a lower open Wednesday as investors await the latest monetary policy decision from the U.S. Federal Reserve.

The central bank is expected to keep rates unchanged as it concludes its two-day policy meeting. However, a recent slate of worrying inflation reports has investors concerned that the central bank could signal interest rates will remain higher for longer than expected.rose overnight as investors digested the Bank of Japan's landmark shift in monetary policy while awaiting the Fed's interest rate decision.

They were the only two companies on CNBC Pro's global stock screen that have received price target upgrades from five or more analysts in the past seven days, and also have potential upside of over 50%. CNBC Pro: UBS reveals highest conviction global stock picks to beat the market — giving one 90% upsideEuropean markets: Here are the opening callsFed expected to provide clues on the future of its balance sheet reduction

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European stocks set to open slightly higher as markets look ahead to Fed meetingEuropean markets are heading for a lackluster start to the new trading week, with global investors looking ahead the U.S. Federal Reserve’s next meeting.
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