The following are the expectations for today's FOMC March meeting and Fed's Yellen press conference as provided by the economists at 20 major banks. Morgan Stanley: There are three points in focus: First, the Fed will take the word ‘patient’ out of the statement trying to regain flexibility. Markets have priced in this likely change. Consequently, its supportive impact on the USD will be minor. Second, the Fed will update its dots. Third, the Fed may consider the impact the higher USD has on import prices. Latest statements referred to “international risks” where USD strength plays....Should the Fed refer to import ... (full story)