Fed Holds Interest Rates Steady as Kevin Warsh Says Rising Treasury Yields Tighten Financial Conditions 
Eurozone Bond Yields Fall as Oil Slump Eases Inflation Fears Ahead of Central Bank Meetings 
Gold Slips Below $4050 as Bond Yields Surge to 4.7% on Fed Inflation Concerns – Sell Rallies at $4060 Targeting $3940 
Japan Economy Minister Downplays Inflation Risks Despite BOJ Warning 
Brazil Cuts Selic Rate to 14% as Inflation Eases but Risks Persist 
Japan Services Producer Prices Rise 3.2% in June, Supporting BOJ Rate Hike Expectations 
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.
