can just see the Headline " 146 Trillion Reasons why Yellen is cautious on rate Hike"
Markets remain cautious in front of the FOMC decision
It is the day that the Federal Reserve announces its latest monetary policy update. At 1800GMT (remember the US clocks have not gone back yet) the Fed will put out a statement that will once again not include a rate hike. The lack of press conference and staff targets is certainly prohibitive to the committee making such a ground breaking move (despite the FOMC members insisting that all meetings are “live”). The Fed only therefore has the statement to guide markets. Again there may have to be a tweak to the line about international developments but it is unlikely that much will be change from the September ... (full story)