eFXdata reports that Barclays Research discusses its expectations for the FOMC decision.

"Our economists expect  the FOMC to signal a taper, that is conditional on outcomes for employment and the path of the pandemic, beginning in December along a hastier timeline. They anticipate that tapering will begin in December with a formal announcement unlikely until November. Our baseline anticipates that the committee will reduce its current pace of monthly purchases ($80bn for Treasuries, $40bn for agencies) along a hastier timeline; specifically, Treasury securities by $20bn per meeting and agency purchases by $10bn," Barclays notes. 

"Our economists expect the committee to create space between the tapering timeline and the lift-off decision," Barclays adds.