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Forex News: FOMC Decision is imminent. A cut of 25 basis points is expected

Posted by Greg Michalowski on Wed, 04/30/2008 - 2:08pm in

FOMC

The market is also expecting a change to a neutral policy. How they will say that will be interesting given the state of the US economy. However, the inflation is hard to explain away. Plus the dollar weakness is an issue which will be interesting to see if they address.

I would expect the stocks to initially do well. However, the gains should be contained. Expect extreme volatility.