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Today’s News

1.  The FOMC meeting begins today. It is expected that the fed will begin to taper the
bond buying program as soon as tomorrow. The fed is expected to tapering the QE
program by changing the bond buying from $85 billion to $75 billion.
2.  CPI in the UK fell by 2.7%, this was expectation.
3.  Janet Yellen is not the front runner for fed chair.

4.  J.P. Morgan will pay $800 million to settle the “London Whale” dispute.