by Calculated Risk on 3/19/2013 08:23:00 PM

I'm sure Bernanke will be asked about Cyprus in his press conference tomorrow. Also, in January, the FOMC statement contained the sentence: "Although strains in global financial markets have eased somewhat, the Committee continues to see downside risks to the economic outlook." That might be reworked a little ...

Note: Over the weekend, as a preview to the FOMC meeting: FOMC Projections Preview

Wednesday economic releases:
• At 7:00 AM ET, the Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.

• Morning, the AIA's Architecture Billings Index for February (a leading indicator for commercial real estate). This has been showing a pickup in billings recently.

• At 2:00 PM, the FOMC Meeting Announcement will be released. No change to interest rates or QE purchases is expected at this meeting.

• Also at 2:00 PM, the FOMC projections will be released. This will include the Federal Open Market Committee (FOMC) participants' quarterly economic projections.

• At 2:30 PM. Fed Chairman Ben Bernanke will hold a press conference.