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Fed Steps Up This Week Amid Emerging Market Turmoil
Things got crazy last week with the global markets getting rocked as the emerging markets (EM) tumbled. While everyone is sure to keep an eye on the EMs this week, the Federal Reserve will take center stage as it holds its Federal Open Market Committee (FOMC) meeting on Tuesday and Wednesday. This'll be the last one with Ben Bernanke at the helm. Here's your Monday Scouting Report: Top Story The Emerging Market Story: In a sentence, many would say that last week's emerging market sell-off was over fears of rising borrowing costs as the Federal Reserve embarks on a path to monetary policy normalization, which would ... (full story)