ForexLive have posted up a number of previews of the FOMC on Wednesday

  • Preview: Fed dot plot might be the most important part of Wednesday's FOMC
  • FOMC preview: What's priced into financial markets
  • Goldman Sachs Federal Reserve FOMC preview (part 1, of 2)
  • Here's part 2 of the Goldman Sachs Federal Reserve FOMC preview

here are some very quick comments around the place from some the banks' previews:

Barclays:

  • Look for the Federal Reserve to change "balance-of-risks assessment to "nearly balanced"
  • They have a forecast for an on hold decision with the next hike coming in June.
  • See a reasonable risk of an April hike though

BNP

  • On hold but the statements may turn more hawkish
  • FOMC in assessing mode, awaiting more incoming data, want more evidence

Deutsche bank:

  • On hold at this meeting
  • Hikes coming later this year

JP Morgan

  • On hold
  • Expect policy path lower (dots declining)

Morgan Stanley

  • FOMC will lower expectations for growth and inflation
  • FOMC will lower the path for hikes
  • Will maintain a bias to tightening