European stocks may open on a steady note Wednesday, as investors await the Fed's interest-rate decision, the accompanying policy statement and Fed Chief Jerome Powell's news conference for additional cues regarding the likelihood of a pivot by the U.S. central bank.
The Fed is widely expected to raise interest rates by another 75 basis points, but investors are waiting for signs that the central bank is prepared to slow the pace of its rate hikes come December.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.