World Week Ahead: Fed meeting looms

Sun, 14 Dec 2014

By Margreet Dietz Dec. 15 (BusinessDesk) - US Federal Reserve policy makers are set to gather in the wake of Wall Street’s worst weekly drop in three years, amid heightened concern that the plunge in the price of oil might trigger an overall weakening in the global economy. As the Federal Open Market Committee begins its two-day meeting on Tuesday in Washington, however, the focus remains on whether policy makers will retain the phrase that interest rates will remain low for “a considerable period”. At the end of the meeting on Wednesday...

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