We are only few hours away from much anticipated FOMC decision. We expect, a 25 basis points hike in Federal fund rate, discount rates and 25 basis points hike in excess as well as required reserve. We also expects FED to announce overnight reverse repurchase agreement (RRP) to be operational and increase in its cap size from current $300 billion to $750 billion.
In this series w, in detail covered the probabilities and possibilities of a rate hike as well as general overview of today's decision.
However, there is one last element, everyone needs to be watchful and that is dissenters.
Dissenters to watch out for -
Richmond FED president, Jeffrey Lacker have been dissenting for past few meetings of FOMC, calling for immediate rate hike.
However, our today's focus is not him.
If FED, do hike rates, then we need to be watchful of dissenter doves, if any.
According to September projection materials, 3 among the participants called for first hike in 2016 and one called for 2017.


Bank of England Expected to Hold Interest Rates at 3.75% as Inflation Remains Elevated
FxWirePro- Major Crypto levels and bias summary
Bank of Japan Signals Cautious Path Toward Further Rate Hikes Amid Yen Weakness
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings
BOJ Rate Decision in Focus as Yen Weakness and Inflation Shape Market Outlook
Bank of Canada Holds Interest Rate at 2.25% Amid Trade and Global Uncertainty




