"We expect no fireworks at the April gathering," says RBS chief economist Michelle Girard ahead of the close of the FOMC policy meeting today. The Fed is nearly universally seen as cutting back QE by another $10B to a pace of $45B per month, and there will be no post-meeting press conference or new economic forecasts to "stir the pot," says Morgan Stanley chief economist Vince Reinhart. One thing to look for: A marginally more upbeat statement as recent data somewhat confirms the Fed's belief that this winter's economic slowdown was due to, well, the winter. The policy statement is due at 2 PM ET
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