The Australian share market is eyeing a lift of 0.4% at the open according to the futures, despite a mixed session overnight. Aussie's investors attention today will be on local inflation data due out, Coles (ASX:COL) first quarter sales results and what the Fed announces.

US stocks saw selling overnight ahead of the US Federal Reserve’s announcement with the Nasdaq down 1.4%, the S&P500 ending 0.5% lower and the Dow Jones falling slightly by 0.1%. 

Today, investors will be watching Coles (ASX:COL), Brickworks (ASX:BKW) and Select Harvest (ASX:SHV).

This evening all eyes will be on the U.S Federal Reserve decision.