The new statement from the Fed committee meeting about interest rates hike will be made today, at 2 pm. According to the official plan, head of Fed Janet Yellen will arrange the press conference thirty minutes later.
It is not easy decision to make during the meeting, as seventeen representatives of Fed will have to consider the situation at the labor market, with the rate of unemployment 4.9 percent, gains and job opportunities that have direct link to the growth of population, and the low inflation level. Central bank’s expectation for August inflation was 2 percent higher.
At the same time, the low activity is seen at the service industry and manufacture. The market is slow, and the possibility of the interest rate hike is small.
However, we know that even among these 17 policymakers from Federal Reserve there were very divided opinions. Some of them believe that it is better to provide new interest rate this month, and some of them still think that they need to wait before they will receive persuasive positive data from the markets.
Anyway, after the lower than it was expected data from markets in August, it is very unlikely that we will receive new interest rates this Wednesday. Such possibility, according to the economists is equal to 15 percent. And as for the interest rate hike in December the chances are bigger, and equal to the 50 percent. Each new meeting of Fed with journalists changed these numbers.