FOMC PREVIEW ...Middle East

Today at 18:00 GMT (14:00 ET) the Federal Reserve will announce its latest monetary policy decision where the central bank will keep interest rates unchanged at 5.25-5.50%. Let’s break down what’s expected and what to look out for:STATEMENTThe statement is expected to remain unchanged. What you should be looking for is the line saying that “inflation has eased over the past year but remains elevated” in the first paragraph. The FOMC used that line for three consecutive meetings while previously the line was just saying “inflation remains elevated”. The line changed last December as the Fed wanted to suggest that risks were coming into better balance. Although they are likely to keep the line

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