The FOMC meeting is likely to bring in a widely anticipated 25-basis-point increase in the federal funds rate target. Market players will be more interested in the post-meeting statement. Will the word "measured" be deleted from the statement? That is the current expectation. However, it is probable that the change would still wreak havoc in the financial markets. In this case, what is expected may still not be fully digested.
Federal funds rate target Consensus Forecast for Mar 22 05: 2.75 percent (+0.25 percent)