Market Cautious although Fed Expected to Hold Tight

The focus of the week is the FOMC meeting due Thursday. While it is now widely anticipated that the Fed would keep its powder dry in September, the market is eager to get some hints from the accompanying statement and comments from Chair Janet Yellen on the monetary policy outlook. Financial markets moved within a narrow range but with a soft bias as investors awaits Fed’s announcement.

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Market Cautious although Fed Expected to Hold Tight