PARIS, June 29 (Reuters) - European shares looked set for a higher start on Thursday after gains in New York and Tokyo, but equity, debt and foreign exchange investors braced for another U.S. interest rate rise.
Most analysts expect the U.S. Federal Reserve to raise the overnight federal funds rate by a quarter-percentage point to 5.25 percent, although some see potential for a half-point move.
But markets will hang on the Fed's wording in a post-meeting statement as they look for clues on whether the central bank will tighten monetary conditions even further in coming months. The Fed's decision is due at 1815 GMT.
Before that, the publication at 1230 GMT of the final first-quarter gross domestic product and of the core U.S. personal consumption price index, a key gauge for monetary policy-making, will come under scrutiny.
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