Is an interest rate hike pending?

Says Ashraft Laidi:

April 2, 2010 06:42 ET: YESTERDAY's ANNOUNCEMENT on the website of the Federal Reserve Board http://bit.ly/ bVCNAh about a closed meeting will be held on Monday, could signal the Fed will raise its discount by 25-bps to 1.0% as a way to further normalize the spread between the discount rate and fed funds rate back to pre-crisis levels. Making such a pre-announcement would reduce risks of upsetting markets as it is well telegraphed (not a surprise as was on the Feb 18 discount rate), but also would be done on Monday, when most European equity markets will be closed and US markets at thin liquidity.