Wall Street economists are heading into this week’s Federal Reserve monetary policy meeting with low expectations.
Since their December meeting, Fed officials have given no hints of any looming change in monetary policy. Their short-term rate target is set at near zero levels and they have indicated they are likely to stay there for years. At last month’s meeting, the Fed gave fuzzy guidance about when it might pull back on its $120 billion a month in bond purchases, while noting a tough short-term economic outlook because…
