The following are the expectations for today's FOMC meeting as provided by the economists at 15 major banks. Credit Suisse: In the Fed’s statement today, QE3 is very likely to end as planned with a final $15bn taper. For its forward guidance, it is possible the FOMC will choose to preserve the “considerable time” language. But we wouldn’t be surprised to see a wording change that would still give policymakers a great deal of latitude. Perhaps some reference to a “patient monitoring” of economic developments will find its way into the October policy statement. While we remain fundamentally bullish on the USD and hold ... (full story)