European stocks are expected to open higher on Wednesday as investors await the latest reading of U.S. inflation data.
Global markets are awaiting the next reading of U.S. inflation on Wednesday to assess the economic picture in the world's biggest economy and the Fed's next move.
Fed Chairman Jerome Powell said on Tuesday that the economy is both healthy enough and in need of tighter monetary policy, which likely will entail rate hikes, tapering of asset purchases and a smaller balance sheet. LONDON — European stocks were muted on Wednesday as investors await the latest reading of U.S. inflation data.
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