The WSJ Timiraos, is tweeting an interview he gave at Fox Business, and says:
The Fed will likely announce a 25 basis point hike at 2 PM ET, and if Timiraos is right, will continue to be cautious about prospects for inflation. Employment remains solid. Unions are going after employers and getting wage concessions.Housing is more of a supply issue. Stocks and the wealth effect from it will likely also keep the economy going. Fiscal spending is continuing to be expansionary.
This article was written by Greg Michalowski at www.forexlive.com. Source