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Highly anticipated FOMC announcement

June 19, 2013

All eyes are on today’s announcement of the Federal Open Market Committee FOMC at 8pm CET. While there is no change in monetary policy expected, markets are longing for some clarification on how the Fed will handle its stimulus measures, particularly the timing of the anticipated tapering of its monthly bond purchases program. Fed Chairman Ben Bernanke is scheduled to deliver the central bank’s updated economic forecasts after the FOMC’s decision.