The mere thought that the U.S. Federal Reserve is about to change its rhetoric has been enough to scare the markets of late. Will it come in next Wednesday's Federal Open Market Committee (FOMC) statement? This very question has been torturing all asset classes: bonds, equities, and forex. Expect investors to be focusing on just a couple of words regarding the current low-rate environment: "considerable time." If the Fed stops saying it, the market will take it as a "definite indication that something has changed with the Fed's intentions." This will result in bringing forward individuals’ timing of a Fed rate hike. ... (full story)