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Tuesday, July 30, 2013

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.

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