A platter of surprise was unlikely to be on the menu at the March FOMC meeting. There was a clear consensus among observers that the Fed would hold interest rates at its current benchmark range of 4.25% to 4.50%. And that was the headline telegraph of today’s release.

According to experts, the FOMC is expected to maintain status quo that will likely be accompanied by a neutral and data-dependent guidance.

The Federal Open Market Committee meeting started Tuesday and will culminate with a written policy statement and press conference Wednesday—but don't expect much clarity on where interest rates are headed.