Stocks Fall on Fed's Hawkish Tone

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Fed Expected to Overhaul Language and End Numerical Thresholds - Deutsche Bank (SPY)

March 17, 2014 3:05 PM EDT

On Wednesday, the FOMC is expected to announce its rate decision. In the view of Deutsche Bank's Chief U.S. Economist, Joseph LaVorgna, the Fed will look to change its current forward guidance on unemployment and inflation, ending numerical thresholds.

"Based on the Fed's public displeasure with the current language on forward guidance, which is evident in both the FOMC minutes and recent speeches, we expect an overhaul of the language in the post-meeting... More