The Federal Reserve is drawing closer to a decision about the future of its $85 billion-a-month asset purchase program and Fed watchers do not expect any action when the monetary policymakers meet next week - but they will be looking for changes in language that will shed more light on the central bank's plans. The Fed's policymaking Federal Open Market Committee meets July 30-31, and will release a policy statement at 2 p.m. ET. One thing the FOMC could do at this meeting "is make their intentions more explicit," HSBC's Chief U.S. Economist Kevin Logan told MNI. The FOMC will try to create an impression or to ... (full story)