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Fed meets amid market skittishness

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Prognosticating Yellen's Fed

Janet Yellen takes center stage in the week ahead, chairing her first FOMC meeting amid market skittishness over events in Ukraine.

There is little doubt the Fed will continue to move forward and announce another $10 billion "taper" of its bond-buying program, taking it to $55 billion a month.

The Fed is widely expected to take a knife to some of the language in its statement that set an unemployment rate of 6.5 percent as a level to cut rates.

(Read more: Markets hang in the balance ahead of Fed decision)