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Caution: Dollars Risk and Rewards Soon To Be Delivered
With tomorrow’s FOMC projections and announcements being such a big deal, it’s only natural that the markets priority at this stage is caution – dealers do not want to be taken out of, or even given positions that they have not initiated at such a late stage in the game. Today officially marks the first day of the Federal Reserves two-day policy meeting, so investors are mostly in a wait-and-see mode ahead of the outcome. Consensus this far expects the FOMC to announce its first reduction of asset purchases this week –a token taper of $10b – but Ben and the “boys” are expected to paint their decision as ... (full story)
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- Edited 9:10am Sep 17, 2013 7:29am | Edited 9:10am
- PA is King
- Joined Jun 2013 | Status: Member | 2571 Comments
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- Sep 17, 2013 8:17am Sep 17, 2013 8:17am
- babajee
- | Joined Mar 2012 | Status: NO FEARS | 3 Comments
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