A look at the day ahead in U.S. and global markets from Mike Dolan
The Fed decision comes in the wake of another set of forecast-beating U.S. consumer confidence readings for July.
Economists assume the central bank will retain a hawkish tone but keep its options on another hike open as it will have almost two months of data to assess before meeting again on September 20. Elsewhere, the European earnings season was in full swing too, with banks dominating the diary and the European Central Bank meeting tomorrow. stock fell 1% after the lender reported a 27% fall in quarterly profit as an investment banking slump offset higher interest income.
With the Bank of Japan also meeting this week, the yen fell back after a top government official quoted BOJ Governor Kazuo Ueda as saying he will maintain accommodative monetary conditions.
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