European markets are set to pull back slightly as the Federal Reserve’s monetary tightening plans and the ongoing war in Ukraine continue to guide sentiment.
Fed meeting minutes showed that officials planned to reduce their trillions in bond holdings by a consensus amount of around $95 billion.
Policymakers indicated that one or more 50-basis-point interest rate hikes could be warranted to battle surging inflation. Investors await details of a new round of Western sanctions against Russia after evidence emerged of potential war crimes committed by its forces in Ukraine. LONDON — European markets are set to pull back slightly on Thursday as the U.S. Federal Reserve's monetary tightening plans and the ongoing war in Ukraine continue to guide sentiment.
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