European markets retreated slightly on Monday as investors looked ahead to the last U.S. Federal Reserve meeting of 2022 this week, as well as the latest inflation reading.
The pan-European Stoxx 600 was down 0.4% by mid-morning, with retail stocks shedding 1.4% to lead losses as all sectors and major bourses opened in negative territory.
The Fed will begin its two-day meeting on Tuesday and economists widely expect the U.S. central bank to raise rates by half a percentage point when the meeting concludes Wednesday.
Thursday will also see monetary policy decisions from the Bank of England, European Central Bank and the Swiss National Bank.
The latest reading for the U.S. consumer price index is also slated for Tuesday. Analysts polled by Reuters expect the index rose 0.3% in November.
This report’s information was first seen on CNBC; to read more, click this link.
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