The volatility in world markets is being caused by problems in - TopicsExpress

The volatility in world markets is being caused by problems in particular developing countries and not linked to the U.S. Federal Reserves decision to reduce its monetary stimulus, the International Monetary Funds top financial counselor said. The Fed concludes its two-day policy meeting later on Wednesday and is all but certain to reduce its bond purchases for a second time, to $65 billion per month from $75 billion. It is, however, likely to leave intact its vow to keep interest rates low.

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