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Fed Statement Key as First Rate Hike Approaches
European futures are pointing to a higher open on Wednesday ahead of the FOMC decision and statement this evening, which could offer clues on the timing of the first rate hike in more than nine years. While indices are expected to open higher, reflecting a higher risk appetite among investors, there is likely to be an element of caution in the markets today. While no change in interest rates is expected from the Federal Reserve, this is the final meeting before September which is when many believe that first hike will come. That makes the wording of today’s statement all-the-more important, especially as it isn’t ... (full story)
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