Based on my readings, I strongly believe at the max one rate hike in Dec. What does that mean to market?
A normally routine Fed release just got a lot more important
Investors will get a peek behind the curtain Wednesday at a Federal Reserve suddenly divided and closer to an interest rate hike than it has been all year. September's Federal Open Market Committee meeting featured something not often seen since Janet Yellen took over as chair: honest-to-goodness dissent. Three of the FOMC's 10 voting members opposed the final statement, which noted that central bank officials still felt it prudent to keep its interest rate target anchored at 0.25 percent to 0.5 percent. The three dissenters — Esther George, Loretta Mester and Eric Rosengren — wanted to hike rates a quarter ... (full story)