No change expected from Fed.

The FOMC is due to hold its latest policy meeting today and tomorrow, when policy makers are expected to debate how best to prepare markets for a tapering of QE, although they're also ultimately expected decide to do nothing for the time being. Markets went all a flutter last time around after Ben Bernanke said the bond-buying would end in mid-2014, which forced officials to make speeches that weakened the strength of the guidance.