Fed Decision Day Guide: Considerable Debate on Forward Guidance

Here’s what to look for when the Federal Open Market Committee releases its policy statement and new economic projections at 2 p.m. today in Washington and Federal Reserve Chair Janet Yellen holds a press conference at 2:30 p.m.

-- Still “considerable”? It’s shaping up as a close call. Thirty-two of 60 economists in a Bloomberg survey said the FOMC will stick to its pledge to keep its benchmark interest rate near zero for a “considerable time” after it finishes bond purchases.