Today quite possibly could end the most aggressive easing of interest rates that this nation has seen in 2 decades. The real estate markets should pray for the fed to not get an itchy trigger finger amidst higher energy costs leading to inflation worries.

So what should we be looking out for today? Well first, lets obviously see if they raise, lower, or keep interest rates the same. More importantly, lets watch out for some verbage to see if the FED has a comprimised statement that allows for upside risk for inflation. Also, we should watch to see if it their is a unanimous vote or if their is some opposition amongst fed decisioners.

And for everybody out there that likes to go against the grain, well you would be happy to hear that the election year theory of not raising rates is merely a myth. Take a look below to see what actually happens to interest rates during election years.

As you can see, an election year almost has no bearing on whether the Federal Reserve will raise interest rates. If it does, then there may be an even bigger problem at hand, which is the independence of the central bank.