The ASX in a sea sawing mood as we enter the final hour of trade. With a flat Wall Street lead, a mixed lead from commodity markets it was always going too hard for the market to break in either direction. Throw in confirmation of CPI data showing inflation in Australia as expected to be a major concern for the RBA & ahead of the end to the Fed Reserve meeting tonight had the market rather subdued in the afternoon. Market Turnover at 3pm was only fair at $2.645 billion with the local market again headed for a low turnover day with market activity in July again trending very low in comparison to the rest of the year. With the CPI Data out, all eyes turn to the Fed Reserve who finish their 2 day meeting tonight. No rate hike is expected but wording will be closely watched. It would seem that any hike would come after the presidential election which is in November. So I think even with an improving economy the Fed is likely to hold off