Rate Guidance and Inflation Outlook Dominate Fed Agenda

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

-- Forward guidance: The Federal Reserve will drop its vow to keep interest rates low for a “considerable time,” even as Russia’s economic crisis roils markets, most economists said.