Why central banks are too powerful and have created our inflation crisis 
Interest rates: the ugly dilemma facing Europe’s central banks – and why it’s a mistake to cut too soon 
As treasurer, Bill Hayden set Labor on the path to economic rationalism 
Interest rates: Monetary policy is always political as central banks opt to back the financial sector 
Inflation: raising interest rates was never the right medicine 
Why the Bank of England is now more upbeat than the IMF 
Sure, the RBA froze interest rates on Tuesday, but there's plenty of pain to come 
The RBA has kept interest rates on hold. Here's why it'll be cautious from here on 
The Federal Reserve held off hiking interest rates 
The Federal Reserve and the art of navigating a soft landing ... when economic data sends mixed signals 
If central banks don't start cutting them soon, it could actually increase inflation 
- The markets seem to be eagerly waiting for the Fed's rate hike on Wednesday. But there is still debate going on whether Central bank will hold the rate hike for a while which has already exceeded nine years.
- In 2014 Fed has given key focus on employment, consistent increase in jobs and reduction in jobless rate have forced Fed to taper QE3 and paved way for higher interest rates. But decline in inflation is forcing the Fed to delay rate hike until now.
- The key reason for decline in inflationary pressure was mainly due to sell-off in global crude oil prices which broke to new lows last week.
- The FOMC is expected to hike rate at least by 25bps today with a monetary policy statement accompanied by a hawkish tone. The Fed's plan for the monetary policy ahead after a rate hike is shown by Dot plot. If the Dot projection is flatter than expected then there will less number of hikes next year and the rates will rise at slower pace.
If Fed is more hawkish than expected - EUR/USD is expected to break major resistance 1.10900 and will reach till 1.1178/1.1200 level.
If Fed is more dovish than expected - EUR/USD will break major support 1.0900 and will reach till 1.08300/1.0760 level.
