NEW YORK (TheStreet) -- Expectations are low for the Federal Reserve's Open Markets Committee to make a move on interest rates when it releases its monthly statement Wednesday, just six days before the presidential election.

"I think the meeting today will be a yawn," former Fed Governor Mark Olson said Wednesday on CNBC's "Squawk on the Street."

The real story, Olson noted, will focus on what hints the Federal Reserve will give about possibly raising interest rates in December.

"What I think is going to be particularly interesting is to see how the last meeting's dissenting voters react this time," he said, "That may be a signal as to whether or not there was agreement on what they're going to do in December or no agreement."

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