AI can be a personal trainer in your pocket – but is it safe? 
JPMorgan Cuts Gold Price Forecast, Sees Bullion Reaching $4,500 by End of 2026 
Elon Musk is remaking the world, like Henry Ford before him – but more dangerously 
State of emergency in Crimea as Ukraine focuses pressure on ‘jewel in Putin’s crown’ 
In a rebuke to Trump, the Supreme Court rules that birthright citizenship is the law of the land 
Michael Burry Shorts Tesla at $416 as AI and Semiconductor Bearish Bets Expand 
Smartphones are helping filmmakers tell the stories the movie industry overlooks 
Goldman Sachs Raises USD/JPY Forecast, Sees Yen Weakness Persist Through 2027 
FOMC will conclude its two day monetary policy meeting today and will announce the decision at 18:00 GMT, which will follow press conference from FED chair Janet Yellen at 18:30 GMT.
It has become extremely difficult to predict, what FED might do today as arguments are quite strong on either of the side.
Emerging markets turmoil is surely be part of discussion.
Key arguments -
- Though some of the domestic factors encouraging FED to hike rates, international economic condition especially across emerging markets and China is giving red signal.
- China is rapidly rising concern for global markets and FED need to assess how fast things are likely to deteriorate in China. Argument is that FED should wait and watch financial conditions and deterioration in China before moving ahead. A rate hike from FED might tighten monetary conditions further across emerging markets and help China decelerate faster.
- Argument is that if China slows down, it would export its deflation further across world and slide in commodities will add on to that.
- Argument is that emerging market crisis might exacerbate with sharp deceleration in China. Fund managers are now expecting China to fall into recession in 2016.
- Financial market volatility in August has shown the impact China can have over Global markets.
