Another aspect to be noted would be if they are going to do away with the labor figures linked interest hike, will the do away with the 6.5 percent unemployment figure.They might do so, which will leave the market in doubt as to when they can see an interest hike. Inflation is creeping up and they might just try to nip it in the bud.A rate increase of 0.25 percent will have a cooling effect and the economy can with stand it too.This would be in effect the acid test whether the economy has improved or not.
Japan too is in the mood for tapering as was conveyed by their board member today. The figures coming out from europe too will show that the economy is improving and things should revert to normal as soon as possible.Putting an economy too long on artificial respiration is bad for it as it would get used to the support and later cannot do without it.
We can see a smiling grandma at the end of the day , who should and will deliver a pragmatic report, unlike her predecessor who believed printing money was the way out of the country's economical and financial woes.