FOMC Adopting Cautious Stance Earlier On, Says Derrick
Investors are weighing the outlook for U.S. interest rates ahead of a statement on monetary policy from the Federal Reserve. While traders see no chance the U.S. central bank will raise rates when the two-day meeting ends Wednesday, investors will seek clues on the likelihood and timing on any future move from the Federal Open Market Committee. Bank of New York Mellon Chief Currency Strategist Simon Derrick discusses with Bloomberg's Anna Edwards on "Countdown."
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