PIMCO doesn't expect much from today's FOMC meeting, but is watching closely for any guidance on the state of the economy, especially on what the government shutdown means for growth expectations.  PIMCO expects 2014 to be more of the same; sluggish growth and consistently high unemployment.

"There is a ton of cash on the sidelines and if that cash gets put back in the economy through investment, through new plant and equipment and through hiring, it will make a huge difference."