The U.S. central bank will announce its policystatement later in the global day, which will be scrutinized for clues on the direction of monetarypolicy in the world's largest economy.
While no interest rate changes are anticipated from the Fed, the FOMC statement Wednesday afternoon will be very closely scrutinized for clues on future Fed monetarypolicy.
Markets are still digesting the FOMC meeting that ended Wednesday afternoon with its official policystatement indicating a still very easy U.S. monetary policy meaning continuing bond purchases by the Fed on a monthly basis.