Economists from Bank of America Merrill Lynch see no way to raise interest rates, but they still expect a key report from the central bank on Wednesday.
"We expect the FOMC to slightly reduce its assessment of overall economic activity from strong to solid, which will reflect macroeconomic indicators abandonment," said Fomc, a change in FOMC to a more patient tone as expected after the latest December statement, this will ease the fears of rapidly rising interest rates in an environment of falling global growth.
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