“More of the same,” should summarize today’s FOMC statement. There will be no press conference or refresh of the ‘dot plot’ economic projections. The Fed is expected to continue to taper by $10 billion with confirmation that the “growth meme” is playing out just as they projected (especially after today’s GDP print). Goldman believes the focus will be on the jobs ‘dashboard’ and recent inflation data enables the dovish Fed to argue recent moves were noise and stay easier for longer.