Markets cautious ahead of Fed meeting

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Asian shares were a mixed bag this morning even after Wall Street closed at record highs overnight.

Caution will most likely remain a key theme as investors wait for this week’s FOMC meeting for clues on future monetary policy. Although the Fed is widely expected to leave interest rates and policy measures unchanged, all eyes will be on the statement language, updated economic projections and Chair Jerome Powell’s post-meeting press conference. The Fed has managed to persuade markets that the current jump in inflation is transitory. The question is for how long will they keep this mantra?… Read More:

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