Federal Reserve Chair Janet Yellen has been evasive in her language as to whether or not the United States central bank will finally raise interest rates this summer. Even establishment economists and financial analysts are perplexed as polls continue to show that a large number expect a rate increase either next year or not at all.

Marc Faber: No rate hike amid weak data

Marc Faber, the editor and publisher of the Gloom, Boom & Doom Report, is in the camp that the Fed won't be hiking rates anytime soon as he thinks the central bank will keep markets waiting. The Federal Open Market Committee (FOMC) will issue a statement Wednesday and Yellen will hold a news conference shortly after.

Speaking in an interview with CNBC's "Squawk Box" on Wednesday, Faber alluded to recent weak economic data and a stronger dollar as reasons why Yellen won't pull the trigger on a hike.