European markets poised for a sluggish start to the new trading week as they anticipate the Fed's decision.

European Market Outlook: European stocks are expected to open flat to lower as investors await the U.S. Federal Reserve's monetary policy decision this week, with the U.K.'s FTSE index projected to drop 0.1%.

Federal Reserve Expectations: The Fed is anticipated to cut its key interest rate by 25 basis points at its final meeting of the year, with an 87% probability of this outcome according to the CME FedWatch tool.

Upcoming Central Bank Meetings: Other central banks, including the Swiss National Bank, Bank of England, and European Central Bank, will also hold their final policy meetings of the year, with the ECB expected to maintain current rates.

Market Reactions: Asian markets traded mixed following positive export data from China, while U.S. stock futures remained flat after a boost from softer-than-expected inflation data released prior to the Fed's meeting.