Wednesday's Fed meeting likely will come down to two words, and "rates" won't be one of them.
Practically no one expects the Federal Open Market Committee — the central bank's monetary policymaking arm — to raise its key interest rate target when the panel releases its post-meeting statement Wednesday.
Instead, Wall Street's eyes will be trained firmly on how FOMC officials see economic growth progressing.
In that light, the words Fed-watchers should be focused on most are "nearly balanced."
That assessment, or slight variations thereof, has become a staple of post-meeting statements since 2000.