(RTTNews) - European stocks are seen opening a tad higher on Wednesday ahead of the U.S. Federal Reserve's interest-rate decision later in the day, with markets pricing in a 92.4 percent chance of a 25-bps rate hike in response to a recent hot inflation report. The Fed's potential first hike since July 2023, coming just seven weeks before the midterm elections, could provoke fresh criticism from the White House. The post-meeting statement, updated economic forecasts and rate projections along with Chair Kevin Warsh's press conference may offer additional clues over whether more hikes could be in store. Asian markets were modestly higher in cautious trade as U.S. stock index futures edged higher after two straight days of losses on Wall Street.
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