A reasonable interpretation is they're going to go again in May unless the ( economic) numbers make a compelling case against.

Overall the company's numbers are compelling.

There's no case for no cut at all at this point. There have been better economic numbers, but [policy makers] expect to see that. If I interpret what they've been saying correctly, this economy could grow 4.5 or 5 percent for a year without putting upward pressure on inflation.

The market is likely to find enough underpinnings in the FOMC statement to lessen fears of Fed tightening in the next several months.

The next couple employment reports will attract an extraordinary degree of attention in the markets. They are widely viewed as holding the key of whether the Fed remains on a tightening path beyond January.

They are confirming in their own subtle way there are some more moves ahead, whether it is one, two or three rises.