FOMC main focus of another difficult week

THE Tuesday and Wednesday Federal Open Market Committee (FOMC) meeting will probably dominate most market-related headlines in the early part of the week, especially since - unlike some of the others - this meeting is followed by a presentation on the health of the US economy and a press conference.

Even though movements in Wall Street have tended to have minimal impact here, it's probably worth noting that markets will be hanging on every word uttered by Fed chair Janet Yellen for clues as to when interest rates may be raised…