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Markets focus on FED meeting this week and decisions to follow

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Global markets focus on the decisions to be made at the weekly meeting of the Federal Reserve’s Open Market Committee (FOMC). It is forecasted that the statements to be made by Fed Chairperson Janet Yellen following the decisions expected to be taken by the FOMC in its two-day meeting starting Tuesday will determine the direction of the markets. Due to the negative effects of the recent macroeconomic data and hurricanes on the economy, the expectations of the Fed to keep the interest rates constant at the September and November meetings have gone up to 98 percent, while the rate increase expectation in December declined to 46 percent.

Analysts remind that in the decision text after Fed meeting in July the statement “this year” was amended as “near relative time, regarding downsizing of the balance sheet and say statements in this week’s meeting and hints given by Yellen are to be followed.

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