Fed may remove 'accommodation' phrase

The Federal Reserve may say monetary policy is no longer stimulating the economy after it is expected to raise interest rates Tuesday 13 December for the 13th time, according to over half of Wall Street's largest bond trading firms surveyed by Bloomberg.

However, Bloomberg columnist John Berry said in a comment piece on Tuesday 6 December that the Fed would retain the key word "accommodation" in its 13 December FOMC statement.

Lehman Brothers Inc. and Banc of America Securities LLC are among 12