First Fed rate hike still likely in December

The Fed kept rates unchanged yesterday, worried about the global economy, financial market volatility and sluggish US inflation. Still, 13 out of the 17 FOMC members see at least one rate hike this year. 

They still seem to give more weight to the almost full achievement of its maximum employment objective than to the disappointments on the inflation front. 

"The Fed is still seen on track for a rate hike this year, more likely in December than in October", says Nordea Bank.