US: What to watch at the March Fed meeting

From think.ing.com

Chair Jerome Powell's comments in recent weeks have confirmed the Federal Reserve is very much in a holding pattern despite the improved vaccine news, the confirmation of another substantial fiscal stimulus and the growing reality of a 2Q reopening. As such, there will be no change to interest rates or the plans to continue purchasing $80bn of Treasuries and $40bn of mortgage-backed securities each month. The action will surround updated economic and interest rate forecast changes and Jerome Powell’s spin on matters at the accompanying press conference. While we are likely to see the Fed's GDP forecasts revised ... (full story)