The Federal Reserve convenes for a highly anticipated meeting to make a decision about QE tapering. There is a a very high probability that the Fed will announce a reduction in the pace of bond buying on September 18th, and probably by $10-15 billion to $70-75 billion. Here are 5 reasons for the expected tapering, 6 scenarios for the decision and the all-important accompanying statement, and the potential reactions of 7 different currencies, some are weaker and some are stronger. The statement and economic projections will be released at 18:00 GMT, and Bernanke will face the press at 18:30 GMT. 5 reasons why the Fed ... (full story)