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The Fed is expected to raise interest rates by 25 basis points, traders will be paying close attention to the statement for clues about the outlook for rates. S&P500 is trading at 2429, recently the Index made a high of 2445. In European markets, German Index Dax yesterday closed at 12690, falling almost 126 points. Recently the Index made a high of 12878.

MSCI emerging market Index is trading at 1009. Recently the Index made a high of 1023.

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