This week (January 27 – 31, 2014) the Federal Reserve’s (Fed) policymaking arm, the Federal Open Market Committee (FOMC), holds the first of its eight meetings this year. The meeting — which will conclude with the FOMC issuing a statement at 2PM ET on Wednesday, January 29 — is being held against the backdrop of a wave of volatility in global financial markets, as market participants brace for another round of tapering by the FOMC.

We — and the consensus of economists as polled by Bloomberg News — expect that the FOMC will vote to taper its purchases of Treasury notes and…

Time to Hit the Pause Button?