US Futures are higher ahead of the Fed decision due out at 2pm. Markets have already priced in a 25bps rise in the federal funds rate, however, attention will be payed to the dot plot for a potential change in the expectation of future rates. In political news, democratic Senate candidate Doug Jones beat republican candidate Roy Moore in the Alabama special election. The surprising victory will narrow the GOP Senate majority to 51-49 next year. In economic news, November inflation data was reported inline with expectations as CPI rose 0.4% m/m and 2.2% y/y. European shares are mixed with retail stocks outperforming. Asian shares closed mostly higher with strength in energy as technology shares lagged.