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.


Open-Source AI Models Gain Ground as Enterprises Seek Lower-Cost Alternatives, Citi Says
Gold Surges Above Key EMAs, Bulls Eye Resistance Amidst Bullish Momentum
Fed Chair Kevin Warsh Signals Policy Overhaul as Hawkish Rate Outlook Rattles Markets
South Korea Signals Possible Interest Rate Hike as Inflation Remains Elevated
BOJ Hawk Signals Faster Interest Rate Hikes Amid Inflation Risks
Taiwan Central Bank Likely to Keep Interest Rates Unchanged Through 2027
ECB Set to Raise Interest Rates as Energy Shock Fuels Eurozone Inflation Concerns
The government is ‘doubling down’ on its social media ban. But bigger penalties for platforms aren’t enough
Buy the Dip: Gold Holds Strong at $3980, Targets $4150
Europe Heatwave Creates Growth Opportunity for Carrier, Trane, and Johnson Controls, Citi Says
Economic pessimism has set in – but there are reasons for Australians to be hopeful
Central Banks Eye Gold, Reduce Dollar Exposure as AI Adoption Accelerates: OMFIF Survey
Supreme Court Backs Lisa Cook, Defends Federal Reserve Independence Against Trump Firing Attempt
Despite its best efforts, Iran won’t be able to toll the Strait of Hormuz. Here’s why




