Markets await Fed announcement

Markets await Fed announcement

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Stocks are higher this morning with markets waiting for the outcome of the latest US Federal Reserve meeting. Following the release of the policy statement and forecasts later today, Chairman Jerome Powell will speak to the media. After recent mixed economic data investors are hoping for more detail on the Fed’s tapering plans.

Fears surrounding Chinese company Evergrande have eased after the property developer said they had agreed a deal with bondholders which would allow the firm to avoid default on one of its interest payments.

 

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