Fed Officials Divided as September Policy Meeting Nears

With the meeting that the Fed is going to have on September 21 getting closer, everyone is starting to talk about what might happen and which could be the results of this. One of the most important topics from this meeting is if the Fed is going to raise the interest rates. About 35 percent of the people think that the Fed is going to increase the rate in the meeting, but most of the people this change is not going to happen until December of this year. Some of the reasons for this is that for example some people say that for the rate to be increased the inflation has to be greater than it is now, according to the article the Fed's target is about 2 percent, which right now is very far from it since the last release form the US government in August showed a 0.8 percent. Also some comments from people involved with the Fed and specialist show that the possibility for the rates to increase in this meeting is higher than before and most of them say that it is going to change this year, but most of them say this change is going to happen on December. One quote from the article that shows this is "The Fed can afford to be patient and deliberate in its actions," said by Dallas Fed President Robert Kaplan. Which explains why the change is most likely to happen in December that in the meeting that they are having this month.

There have been a lot of opinion on whether the Fed should increase or not the interest rate, but the truth is that after September 21 when the meeting is taking place, there would be people supporting the decision and people criticizing it. The most possible outcome from this meeting is that they re not going to increase the rate taking into accounts the comment from the Fed, because they have been saying that they can wait and that they don't want to take decisions that will be very hard to fix later on, so they ask people for patience.