Markets at new record highs ahead of US Federal Reserve decision - business live
(The Guardian Business News)

All the day´s economic and financial news, including an eagerly awaited Federal Reserve policy meetingThe agenda: Fed may start unwinding its QE programme tonightPolicymakers likely to leave rates on holdMarkets at record levels 8.14am BST World stock markets are at record highs as investors await tonight´s Federal Reserve decision.The MSCI All Country World Index has nudged up to 487.66, up from 487.37 yesterday. Investors are buckling up for another Fed policy update which may contain news and/or hints about the timing of further policy tightening by way of balance sheet unwinding and the next rate hike. 7.59am BST Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.(Fed dot plot) FOMC members estimate a 3% interest rate in the long run, chart @FT https://t.co/4B6OV7J3s1 pic.twitter.com/O172AaKCcCThe element that investors are going to pay a lot of attention is the update on the dot plot. We expect the Fed to show more softer approach to the future interest rate hike.According to their last projection, the Fed expected seven rate hikes by the end of 2019. However, in the new forecast, the market is widely expecting them to drop one interest rate hike.European opening call @LCGTrading $FTSE +3 points at 7278$DAX -8 points at 12553$CAC -6 points at 5231#EuroStoxx -7 points at 3524 Continue reading...