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Tuesday, September 17, 2013

Global stocks fall ahead of FOMC meeting.

Global equities were mostly lower at the time of writing - although U.S. stock futures were only slightly down - prior to the start of the FOMC's two-day meeting today, when the Fed is expected to reduce its bond-buying program by $10B a month to $75B despite a tepid jobs report for August. "Investors are pricing in $10B, but $20B or above could create waves, so people remain cautious ahead of the decision."

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