What to expect from the Fed later tonight- Citibank
- Fed expected to announce a US$85 billion per month expansion program:
- These outright purchases will be used to replace Operation Twist.
This is what the economists over at Citibank expect to happen when the FOMC meets later tonight.
Remember that the market is already quite long of risk-positive pairs like AUD/JPY so we might see a bit of a buy-rumour-sell-fact scenario?