The FOMC decision is due at 2 pm ET (1900 GMT) and will include the latest economic projections from the Fed. A half-hour later, Janet Yellen will host a press conference.
We have a full preview of the Fed decision but the knee jerk reaction will boil down to one change in the wording of the statement.
The Committee anticipates, based on its current assessment, that it likely will be appropriate to maintain the 0 to 1/4 percent target range for the federal funds rate for a considerable time following the end of its asset purchase program this month, especially if projected inflation continues to run below the Committee’s 2 percent longer-run goal, and provided that longer-term inflation expectations remain well anchored.
Consider it removed 27 votes
More consideration 20 votes
Total 47 votes
