We look for no change in current FOMC monetary policies, following the 20- March meeting. We believe that the current $85 billion monthly asset purchase program will be maintained and we foresee no change in forward rate guidance. Fed policymakers are focused on supporting economic growth and improving the labor market outlook. Inflation remains below target. Growth may be facing some temporary headwinds. Labor market conditions are improving but much more is needed. The committee’s updated economic projections may include slight downward revisions to near-term growth, reflecting fiscal policy developments. The ... (full story)