Fed Likely to Hold Off on New Stimulus for Now

The Federal Reserve is likely to hold off offering the economy fresh stimulus at a meeting on Tuesday as it weighs encouraging signs on the recovery against risks coming from Europe. The Fed's policy-setting Federal Open Market Committee began its meeting at about 8:30 a.m. EST as expected, a central bank official said. A statement is due at around 2:15 p.m. Central bank officials are expected to continue discussions on how they might sharpen their communications to get more traction out of the monetary easing they have already put in place, but observers rate chances of an announcement as low.

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