5 things to watch out for

  1. The Fed removed its assessment on the balance of risks. What was the internal debate?
  2. The international outlook. "Foreign economic developments, in particular, pose risks to U.S. economic growth," Yellen said last week.
  3. Path of rate hikes. The Fed projections say 4 hikes, the market says no hikes.
  4. Symmetry debate. The Fed's longer-run strategy document framed the 2% inflation target as symmetrical. Bullard dissented.
  5. Negative rates. Did the Fed take a closer look at negative rates in January?

More at the WSJ.