Fed's debate shifts from lift-off to long march to normal

[greengiraffe]

Central Bankers always have a way to convince the financial markets and the world. Anyway, after QE, the new Fed chairwoman will have her job cut out to normalise the after effects of QE. Her words and that of her committee members will be as grey as it would get given that financial markets are now less bubbly post the correction in global commodities market led by oil...

It ain't over till the fat lady sings as they always say... oops...

Rate hike is almost a certainty months ago, which is widely accepted by market. Now it is probably the most controversial move by FED...

Fed faces big decision over a few choice words

NEW YORK - Federal Reserve officials will decide this week whether to make a critical change to their policy statement that would widen the door for interest rate hikes next year and effectively bet the United States will continue to shine in a gloomy global economy.

In one of the last major wild cards for financial markets in 2014, the U.S. central bank's policy-setting committee is to issue the statement and fresh economic forecasts on Wednesday at 2 p.m., following a two-day meeting. Fed Chair Janet Yellen will then hold a news conference at 2:30 p.m.
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http://www.todayonline.com/business/fed-...oice-words