Failing to hike next week would be an epic climb down
With non-farm payrolls and both ISM surveys out of the way, there is nothing the Fed could point to that would justify not hiking next week.
Even if markets cratered there would have to be an awfully good reason for it.
Bullard has been trolling the newswires today saying it was a 'mistake' not to hike in September. Lockhart is in the WSJ and says "I'm ready for a decision to lift off."
Granted both are on the more hawkish scale but for them (and a few others) to walk out of the room without a hike would be humiliating. More importantly, it would be a hit to the Yellen Fed's credibility so hard that it might never recover.