CNBC Daily Open: Positive day for U.S. and European markets amid Fed minutes and ECB developments

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Taken from CNBC’s Daily Open, our international markets newsletter — Subscribe today

Most U.S. Federal Reserve officials agreed to hold interest rates at its January meeting — but were divided on monetary policy path going forward, according to meeting minutes released Wednesday. Some thought supporting the labor market should be prioritized over controlling inflation. That is to say, there were disagreements over whether rates should be kept steady or even hiked if inflation doesn’t go down.

Traders think there’s a roughly 50% of the Fed cutting rates in June, according to the CME FedWatch tool. Perhaps they should start considering the possibility of higher interest rates, too.

Meanwhile, India is hosting the AI Impact Summit, which is attended by business leaders such as OpenAI CEO Sam Altman and Alphabet CEO Sundar Pichai.