Will the Fed hike the interest rate?

It seems increasingly probable. Stanley Fischer suggested that is possible in his speech last weekend at Jackson Hole. My bet is that unless labor markets numbers are terrible Friday, there is a good chance there will be a minor rate increase in the next meeting. That is a bit of a surprise. It's also not a very good idea, as I noted before, and Mark Weisbrot suggests here.

Gerald Epstein on Deconstructing Fischer's Grim Economic Forecast

Gerald Epstein discusses how Fed Vice Chair Stanley Fischer's has ignored real solutions to improve the economy, like increasing wages.