* European stock futures up 0.1%
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THE CALM BEFORE THE POSSIBLE FED STORM (0648 GMT)
World markets held their breath before the conclusion of a
two-day Federal Reserve policy meeting on Wednesday, where
Jerome Powell and his colleagues could flag the pending start of
talks about when and how to exit from policies introduced at the
onset of the coronavirus pandemic last year.
European and U.S. stock futures treaded water while the
usually frisky Australian dollar is set to notch up its lowest
daily trading range so far this year before the Fed’s decision.
A gauge of U.S. stock market volatility remained firmly pinned
near 2021 lows.
Key will be Fed members’ projections, or dot plots, for
interest rates and whether more now signal a hike in 2023.
Previously only 7 out of 18 had seen such a move. There could
also be some upward movement in inflation projections for this
year.
The overnight slate of data also signalled a…
