What to look for in the FOMC statement: Goldman: "We expect small changes to the statement to note the better labor market news and higher inflation numbers. The FOMC could drop “job gains have remained low” and leave only “the unemployment rate has been little changed in recent months,” or it could note that job gains have picked up and have been roughly in line with slower labor force growth on average. The FOMC is also likely to say that “inflation remains elevated,” dropping “somewhat.” Morgan Stanley: "We expect little to no change in the statement language or Chair Powell's tone at the press conference"(zerohedge)