1. Macquarie: Expects the Fed to keep rates unchanged; declining unemployment will guide the Fed to hold rates steady.
2. Goldman Sachs: Expects the Fed to keep rates unchanged; the Fed will only make minor adjustments to its monetary policy stance.
3. Nomura: Expects rates to remain unchanged. Policy guidance will continue to indicate a higher threshold for future rate cuts.
4. Oxford Economics: Expects rates to remain unchanged. Economic growth will improve this year, and the Fed will maintain its current policy until June.
5. Citigroup: Expects rates to remain unchanged. The truly important signals will come from Powell's tone, especially the extent to which he opens the door to future rate cuts.
6. Barclays: Expects rates to remain unchanged; the combination of employment and inflation data does not support immediate further rate cuts; the FOMC needs time to assess the impact of recent rate cuts.
7. Rabobank: Expects rates to remain unchanged. A majority of committee members believe that the three insurance rate cuts implemented at the end of last year were sufficient.
8. JPMorgan Chase: Expects rates to remain unchanged. The labor market has not deteriorated rapidly, and the recent stabilization of the unemployment rate should eventually lead the FOMC to reach a consensus to hold rates steady.
9. Morgan Stanley: Expects rates to remain unchanged. The statement is expected to raise its economic growth forecast from "moderate" to "solid" and remove the wording regarding "increased downside risks to employment."
10. KBC: Expects rates to remain unchanged. The easing of downside risks to the labor market and expected growth in real GDP have reduced the need for a rate cut at the January meeting.
