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The Asian Development Bank issued fresh forecasts this week, suggesting that the Philippines will grow by only 3.3% next year.
However, the committee has dropped heavy hints that it will act this week when fresh forecasts for the economy are published.
On Budget day, the independent Office for Budget Responsibility OBRR) will provide fresh forecasts as to how much the government has borrowed in 2012-13 and how much it expects to borrow in the years to come.
Of the Fed's 16 policymakers, only one believes it will be appropriate to raise rates this year; 13 expect a first rate hike next year, and two others see the first rate hike coming in 2016, according to fresh forecasts published on Wednesday.
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By 2 p.m., the fresh forecast put the anticipated winds at landfall at 125 miles an hour.
The IMF released fresh growth forecasts on July 8th.
But others predict that the governing council will hold off until March, when a fresh growth forecast for the euro zone is to be issued.
Also coming up...a Portuguese bond sale, new economic forecasts from Germany, and fresh UK unemployment data (full agenda to follow).
Photograph: /Thomson Reuters As Brenda Kelly of IG explained at lunchtime (see 12.37pm), shares have been hit by several factors - including this morning's downgraded OECD forecasts, fresh fears that the Federal Reserve might tighten its QE programme, predictions that the Japanese Nikkei will fall tomorrow, and a bout of profit taking after the recent rally.
Up to 42cm of fresh snow is forecast for Cairngorm by Tuesday.
As for Fresh Direct's future, forecasts are contradictory.
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