International Business Times: "The Fed will also release its updated projections for the U.S. economy over the next three years. Economists are likely to hone in on two key details: growth in the gross domestic product (GDP) and inflation. GDP, the broadest measure of goods and services produced across the economy, was revised down to an annualized 2.2 percent in the fourth quarter of last year, slower than initially forecast. With a strengthening U.S. dollar, coupled with harsh winter weather, the first quarter is also likely to be weaker than previously anticipated."
"Economists are expecting weak inflation readings later this year due to the dramatic drop in energy prices since last June. Such expectations will likely delay a rate hike until the fall, said Gregory Daco, chief U.S. economist at Oxford Economics..."