This week has started with yet another Euro zone crisis which began with problems in Italy and then moved to Greece when Prime Minister Papandreou announced plans for a referendum. However today is the second day of the latest meeting of the Federal Open Market Committee which sets US monetary policy. As the UK news media descend on Athens they appear to have forgotten this fact. It is not a high percentage chance that they will take policy action but it is by no means impossible. (Read More)
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