The US Fed when you are sleeping will release its
latest policy statement at 4am Thursday morning. They will reduce more
stimulus but Yellen's statement and comments about the economy will be
what the market watches. Yellen's a Dove, and she'll always speak
conservatively in my view so don't expect any major surprises even though
the US economy has continued to improve in the last month. She won't want
to send a clear message yet about interest rates. That will happen in my
view late in 2014 once the stimulus is wound back to $0 and the economy
has improved further.
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