European markets are heading for a higher open Wednesday, with global investor focus on the U.S. Federal Reserve's latest move on interest rates.
Fed's 2% inflation target 'unlikely' to happen in 2023, according to Insight Investment
"The 2% inflation objective is unlikely to be realized in 2023 but there is some hope that we may see a more normal inflation environment by 2024," Brendan Murphy, Head of Core Fixed Income, North America wrote in a Tuesday note. Insight Investment expects the central bank will raise interest rates by 25 basis points on Wednesday, but added that "the recent market volatility could be an opportunity for them to pause at this meeting."
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