That's what we can really wait for today with this new meeting which is widely expected to come with no change again keeping the fund rate unchanged between 0 and 0.25%, as it has been since Dec. 16 2008 when the Fed cut the interest rate by 0.75% because of the credit crisis.

The Fed is still unable to raise rates with the current tame inflation pressure which persisted this year because of the relatively weak energy prices and the odds of raising rates themselves which supported the greenback this year putting pressure on the inflation broadly.

US PCE figure of August came to show the third month in a raw of rising yearly by only 0.3% and September figure is expected to come next Friday to show the same.

This rate is still obviously away from the Fed's 2% inflation target over the medium term which was the main reason why the Fed did not raise the interest rate earlier last September.

The single currency is still depressed versus its rivals, after Draghi raised the possibility of adding more stimulus measurements during the press conference following the ECB governing council members meeting yesterday.

Draghi has assured the doubts about taking such measurements for propping up EU CPI which has fallen again below zero in September to -0.1% and also stimulating the economic growth.

Draghi said that there will be reassessment of the QE impact next December and there were discussions yesterday about lowering the deposit rate. sending Germany 2YR bund yield to all times low at -0.322%.

While the EU major equities indexes were cheered by this hint which can be interpreted to step before taking another easing decision by the end of this year.

The data came today to show that August was the third month in a raw of watching US PCE rising yearly by only 0.3%. This rate is still obviously away from the Fed's 2% inflation target over the medium term which was the main reason why the Fed did not raise the interest rate earlier this month. With this tame inflation pressure, the Fed can keep waiting looking forward for watching evidence of inflation rising towards that target which has not been reached since March 2012.

Since the beginning of this year US yearly PCE has managed to stand close to zero mainly because of the significant slide of energy prices which started by the beginning of the second half of last year.

 The energy prices are undermined now not only by the new coming up oil offers from Iranand the oil productions from OPEC which exceeding its 30m daily limits reaching 32.01m currently but also by the economic slowdown of China which is hard to be compensated by improving in US or in EU which is still struggling.

After having hair cut in harder critical situation in 2012 amid the debt crisis increasing worries hitting the European economy, The economic situation now is easier.

The pressure on EU Fin Ministers is non pretty much lower with current imposed ECB's QE which provides the required help to Spain and Italy, after both of them refrained from asking for rescue plan halting the activation of  OMT rules on them. 

So, why is this consolidation between Greece and EU?!

It is seriously required now from the ECB to show that it can widen its QE to contain any sack of liquidity in EU. It can show also that its ELA can be to any country in EU to press down the cost of borrowing.

The ECB should restore confidence in EU Economy which can be now by higher cost than what can be submit to Greece to end this unwanted problem.