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At the open… FOMC day

Posted on March 18, 2009 at 3:14 in Starting the day by David Aranzabal

Good morning everyone, today is a FOMC day and US CPI day so we can expect a very volatile American session. Anyway The Federal Reserve is widely expected to hold the benchmark interest rate steady at the record low this month (no further room to ease).

Federal Reserve monetary policy decisions have become increasingly less important after the central bank took rates interest down to a record low of 0.25 percent, so we may not see so much fireworks today.

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