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All eyes on the FOMC meeting amid the gloom

THERE'S very little doubt over what this week's main market-moving event will be - the US Federal Open Markets Committee (FOMC) meeting over Tuesday and Wednesday.

It's the most-closely watched meeting in seven years since it will probably lead to a first interest rate hike since December 2008 when rates were lowered to almost zero to save a crumbling Wall Street in the wake of the US subprime crisis.

Fast forward to December 2015 and the US economy is deemed strong enough to stand on its own without...

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