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Markets are secretly wishing for a more dovish Fed

From cnbc.com

Regardless of what the Federal Reserve does or does not do Wednesday, financial markets could face some turbulence afterwards. The Fed’s two-day meeting ends with a statement just before 12:30 p.m. ET. The economic and interest rate forecasts of Fed officials are then released at 2 p.m., and Fed Chairman Ben Bernanke briefs the media at 2:15 p.m. The Fed is widely expected to take no action, make no moves towards new easing or significantly change its statement. However, it may tweak the language slightly, change its forecast for GDP and employment, and adjust where individual members see interest rates changing. But ... (full story)

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  • Category: Breaking News