“The whole world has been anxiously waiting for this moment.
The Federal Reserve will wrap up its 2-day Federal Open Market Committee (FOMC) meeting today.
At 2:00 PM ET, it will publish its FOMC statement as well as an update to its economic forecasts.
Then at 2:30 PM ET, Fed Chairman Ben Bernanke will hold a press conference, which will include a Q&A with economics reporters.
Expectations
Economists expect the Fed to announce no change in its benchmark interest rate target, which is currently at 0% to 0.25%. Furthermore, they expect no change in its quantitative easing (QE) program, which consists of the Fed buying $85 billion worth of bonds each month to keep interest rates low.
However, there is little agreement on when the Fed will begin to scale back its easy monetary policy.
Recently, there has been tons of speculation…”
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