HERE COMES FOMC MINUTES...
On Sept. 19, the Federal Reserve's monetary policy-making body shocked markets by refraining from beginning to taper back its quantitative easing program - something that was widely expected across Wall Street.
"We have never heard investors as angry as the day after the Fed decided to not taper its asset buying program," says BofA Merrill Lynch economist Ethan Harris. "Some investors argue that it was a deliberate attempt to introduce volatility into the market. Others said Fed credibility is shot."
The minutes, therefore, should be pretty interesting.
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