Fed to tweak message in policy meeting: analysts

A surprisingly poor jobs market report for August, alleviated pressure somewhat on the Federal Open Market Committee from so-called inflation hawksThe Federal Reserve is expected to maintain its slow march toward a normal monetary stance in its policy meeting Tuesday and Wednesday. After the surprisingly poor jobs market report for August, pressure has alleviated somewhat on the Federal Open Market Committee from so-called inflation hawks to move soon to raise interest rates. “We expect the FOMC to have a moderately hawkish tone at its 16-17 September meeting,” said Thomas Costerg at Standard Chartered. The FOMC’s main policy action of the past year, the steady reduction of its once-$85 billion a month bond-buying stimulus program, will continue with the aim of winding it up completely in October.

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