If not now, when?

Not now! Market watchers, including myself, will be dissecting Yellen's statements word for word after the Fed made the decision not to hike rates. Here are some excerpts and my interpretation of them:

The Fed could still hike rates next month in its October meeting. The decision to hike will not hinge on any data release, but a broad range of economic and financial indicators. Her main concerns were inflation running under 2%, a depressed housing market (all time low 30 year mortgage rates and slowing housing starts), as well as volatile markets caused by China and commodity prices. The Fed has discarded negative interest rates as a possibility, adding that its goal is to put people back into jobs, not increase income inequality.

At least this gives us a clearer picture of the Fed's considerations. So...if not now, when?