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At the Fed, Yellen is Looking for the Right Words
Washington - Rarely does so much money depend on something as ephemeral as two words in a single phrase. Yet as the case is with the Federal Reserve (Fed) policy decisions, investors from across the globe, sitting on trillions of dollars, will be looking toward Washington at 2pm on Wednesday to see whether the central bank promises to keep rates near zero for a "considerable time" or whether officials go ahead and update this guidance. Given the tone of recent remarks from key Fed officials, the base-case scenario is that these words will be tweaked in one way or another. The Fed will attempt to use some other ... (full story)
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