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    US markets fall ahead of Fed meeting

    Markets in the US have dipped in the run-up to this month's meeting of the FOMC. 

    The impending meeting of the US Federal Reserve's Federal Open Markets Committee (FOMC) has led to a marginal fall in US markets.

    Investors are keen to see whether or not the members of the FOMC will be proactive in their stance on economic growth for the US, after last month's decision to increase the nation's base rate of interest for the first time in almost ten years.

    "Markets are not happy and they haven't been happy the whole month," New York-based investments expert Omar Aguilar told Reuters.

    "Generally, for the whole month, people have been concerned about global growth, China, and really, really concerned about oil."

    These are all issues that continue to weigh heavily on international trading performance, while they will also likely be key topics of discussion by the members of the FOMC when contemplating what the body's next actions should be.

    A focus on a stable and lasting recovery is likely to be the order of the day for the Fed this month. Analysts therefore do not expect any major revelations to come out of the first meeting of the FOMC for the new year.

    By the late afternoon in Europe (3.53 pm GMT), the US Dow Jones Industrial Average had fallen by 0.83% and the S&P 500 had lost 0.6% of its value from the opening of trading today. In addition, the Nasdaq Composite Index had registered losses of 1.19% by the same time.

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