Which Fed camp are you in?

While the market is not ready to take high bids, and the situation with the Italian bank is unclear, the data at Today is the huge event. And global markets are frozen while they are waiting for the important results of Wednesday Fed meeting.

New chances to receive interest rates increase are extremely low, however, the whole discussion among 17 honorable members of Federal Reserve may last longer than expected. Official results of the rate committee meeting will be released at 2 pm, today. They will be explained by the Chief of Fed Janet Yellen, who will make official speech half an hour later the results.

We know that there were a lot of speculations about the interest rate hike since this spring. Many of them were created by the interviews of Fed representatives. And we perfectly aware that between these seventeen Fed policymakers there is no agreement on this question.

After the official report from the economic sector in August, the chances to receive new rates are minimal. And the decision to leave previous interest rates is supported by Daniel Tarullo and Lael Brainard, who wanted to wait till the inflation will be increased, and the economy will be recovered.

Current inflation level is low and equal to 1.6 percent which is far below the main target during last 4 years.

Other policymakers are very impatient about new rates. Last week Dennis Lockhart, the head of Atlanta Fed, in his interview said that during Wednesday’s meeting there must be a big discussion, and nothing has been decided yet. A friend of Yellen, John Williams from San Francisco department told the press many times that it is better to hurry up with the new interest rate hike.

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