The Federal Reserve's Federal Open Market Committee (FOMC) announcement is due at 1800GMT Wednesday 28 October 2015
Ahead of the time, a piece that discusses the mess the Federal Reserve has made of communicating their Interest rate intentions
The Federal Reserve has a messaging problem. Having repeatedly prepared the world for an interest rate rise they suggested was around the corner, policymakers at the U.S. central bank are now bending over backwards to attempt another graceful about-face. It's not working.
The Fed's communications challenge is not trivial. .. Officials would like to give markets and the public time to adjust to what would be the first rise in official borrowing costs in nearly a decade. But in attempting to do so, American central bankers , leading to confusion among investors and undue market volatility. It's a problem that can be fixed if only the central bank is willing to learn from recent mistakes.
Agree? Disagree? Comments welcome.
