Janet YellenFederal Reserve Vice Chair Janet Yellen addresses the 29th National Association for Business Economics Policy Conference in Washington March 4, 2013.

Heads up! We are minutes away from the release of the statement from the Federal Reserve’s July FOMC monetary policy meeting, which concluded today.

The statement will be released at 2:00 PM ET.

Economists don’t expect much from today’s statement, as the consensus view is that the Federal Reserve will announce a tapering of the pace of its monthly bond purchases at the FOMC’s next meeting in September.

We will have the full statement LIVE at 2:00 PM ET. Click here to refresh for the latest >

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at