The notion that the Federal Reserve would be the first major central bank to raise its benchmark interest rate was once viewed as a virtual certainty. But a recent shift toward more-hawkish rhetoric by policy makers from the Bank of England has caused some market strategists to rethink this view. “The hawkish sentiment that’s coming from the Bank of England is a lot louder than what’s coming from the Fed,” said Doug Borthwick, head of foreign exchange at Chapdelaine & Co. Minutes from the Bank of England’s July policy meeting implied that at least three policy makers were close to voting for an immediate rate ... (full story)