Markets on edge for Fed plans on rate hike

Currency and bond markets were on edge Wednesday ahead of the outcome of the Federal Reserve's policy meeting, expected to make clearer plans for a possibly midyear interest rate increase. Most analysts believe the Federal Open Market Committee's policy statement, to be released at 1800 GMT, will drop its insistence that it "can be patient" before increasing the federal funds rate, the benchmark that has sat at zero for more than six years to pull the economy back from crisis