eFXdata reports that Credit Agricole CIB Research discusses its expectations for today's FOMC policy meeting.

"With the meeting unlikely to exceed the already dovish investor expectations, we think that any surprises today could be on hawkish side. In particular, of key importance for the FX markets would be any indications in the updated text of the statement and during Fed Chair Powell’s press conference that the economy has started closing the gap to FOMC’s objectives." 

"Moreover, investors will focus on any signals that the Fed sees the ongoing recovery as having a greater staying power and thus as posing upside risks to its economic projections."