Fed Preview: A slightly hawkish rewording of the inflation assessment likely - Goldman Sachs

A Bloomberg report quotes Goldman Sachs economist Jan Hatzius as saying that the Fed is likely to issue an upbeat post-meeting statement that includes an upgrade to the balance of risks and a slightly hawkish rewording of the inflation assessment.

"Taken together, we believe the tone of the statement will be consistent with a hike at the March meeting, barring a sharp weakening in economic conditions", Hatzius wrote in a note on Sunday. 

That said, the bank expects the Fed to retain the ‘closely monitoring’ inflation language this week.