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Fast Money

How to brace for the Fed meeting: Pros

Next week's Fed meeting a game changer?

When it comes to next week's Fed meeting, traders will be looking to make a play on Janet Yellen's words.

Fed-watchers are eager to see whether the language of the Federal Reserve's post-meeting statement changes to a more hawkish tone.

According to the "Fast Money" traders, the alteration of a few choice words regarding the Fed's plans to keep rates low for a "considerable time" could have a significant impact on stocks.

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On Thursday, Tim Seymour of Triogem Asset Management said he thinks the Fed will strike a more hawkish tone.

"I think there will be enough of a hawkish directive that is different than what we've heard," he said. According to Seymour, that tonal shift "is enough in the short-run to unsettle markets."

OptionMonster's Pete Najarian took a similar stance.

Federal Reserve Chair Janet Yellen speaks during a news conference.
Jonathan Ernst | Reuters

"I actually think there will be some change in the language," he said, adding that any shift would be followed by "backpeddling" to assuage fears.

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Najarian recommended buying protection leading up to the event, but said that ultimately a change in Fed policy would be a positive, calling any pullback "an incredible buying opportunity."

The FOMC is scheduled to conclude its two-day meeting on Wednesday.

'Temporary' dollar pullback if Fed stays dovish

By CNBC's Michael Newberg