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All Eyes on FOMC Statement
It’s been an interesting start to trading on Wednesday but attention will now shift to the U.S. where we await the latest interest rate decision and statement from the Federal Reserve, as well as more earnings reports from more than 10% of S&P 500 companies. Barring any major shocks, which we’ve already had more than our fair share of so far this year, the Fed is widely expected to leave interest rates unchanged again this month, all but ending any hope of the two rate hikes in 2016 that it has previously alluded to. While Brexit may not impact the U.S. in the same way that is will the U.K. and eurozone, the Fed ... (full story)