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Wednesday, September 20, 2006

FOMC

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Market more or less come to a stand still ahead of FOMC at 18:15 GMT.
This meeting couold finally signal the end of the almost 3 year tightening cycle. As market expect the Fed will hold rates at 5.25%, with a bias towards a dovish tone to the critical Accompanying Statement.
The US Economy has performed as the FED has anticipated, with growth slowing and inflation levels tapering. In this Scenario the Fed will most probably take a wait and see the approaches.

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