The following are the expectations for today's FOMC July policy meeting as provided by the economists at Goldman Sachs, Bank of America Merrill Lynch, Deutsche Bank, Credit Suisse, Barclays Capital, and other major banks. GS: We expect that this week’s FOMC statement will show very little change. The FOMC might choose to upgrade the language on growth in economic activity somewhat, and it might also strengthen the language on labor market indicators a touch in recognition of the strong June employment report. For the most part, however, recent data have supported the characterization of current conditions in the June ... (full story)