FXStreet (Delhi) – Stefan Koopman, Research Assistant at Rabobank, suggests that today FOMC is not expected to announce a rate hike but is likely to prefer to wait until December to make a decision whether to go ahead with a 2015 lift-off. Key Quotes “The October meeting has always been an awkward meeting for such a move, since it does not have a scheduled press conference. Of course, an ad hoc press conference could be organized, but that would in advance signal that a decision to hike has already been taken. What’s more, the economic data since the mid-September meeting have not made the case for an October hike.” “Since there will not be an update of the FOMC’s projections, nor a press conference by Chair Yellen, the only piece of information that we can look forward to is indeed the FOMC statement.” “The Committee is likely to repeat that it would like to see some further improvement in the labour market and that it would like to be reasonably confident that inflation will move back to its 2 percent objective over the medium term. However, the assessment of the economy may move market expectations of the first hike.” For more information, read our latest forex news.