Ahead of the FOMC Policy Statement

I would think that in the statement....

"Inflation has eased over the past year but remains elevated" (first paragraph, last sentence) will have to become something a little stronger.

Additionally...

"The Committee does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward 2 percent." (3rd paragraph, third sentence) will have to become more cautionary and overtly push out expectations for a change in policy any time soon.