Fed to slightly alter forward guidance to align with its pledge of patience - Barclays

The Barclays Research Team offers a sneak peek at what to expect from Wednesday’s FOMC monetary policy decision due at 1900 GMT.

Key Quotes:

“The FOMC is widely expected to leave policy rates unchanged at its January meeting, in line with the more patient tone adopted in recent communications.

In the statement, we expect the FOMC to downgrade its characterization of the data
and slightly to fine-tune forward guidance to align with its pledge of patience.”