Another Fed decision, another craze on the market. It seems to be becoming a trend this month that every time the Fed meets or one of the policy makers speaks the markets go hay-wire as investors and speculators wage bets on the future of U.S. economy. The FOMC has been in meeting since yesterday and will announce its decisions later today, but the anticipation of the announcement has already sent the markets spinning out of normal trajectory.

Both European and U.S. stock futures gained along with Asian equities, while the currencies of emerging markets devalued and copper dropped before the Federal Reserve announces a possible taping of stimulus to begin this week. Indian shares, however, increased after the country’s central bank came to the unexpected decision not to raise interest rates.

The main issue on the table at the current FOMC meeting is the programme for reducing the $85 billion monthly bong-buying programme. At the end of their last meeting policy makers said they would like to see “more signs of a strength” in the U.S. economy before tapering, and the data for last month has certainly leaned that way. Whether will consider them enough for tapering however, still remains to be seen.