Stocks open lower as US interest rate call looms
London's FTSE 100 opened in the red on Wednesday as investors assessed UK inflation data and looked ahead to a finely-balanced US interest rate call.According to CME FedWatch, there is a 63% chance the US central bank cuts by 50 basis points. There is a 37% likelihood it reduces the federal funds rate by 37%.However, sell-side consensus is backing a 25bp cut.'Speculation about a more aggressive cu