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The Fed Awakens
After years of waiting, it's finally here. No, not the new "Star Wars" movie: Fed week. Barring a shock, the Federal Reserve will raise U.S. interest rates on Wednesday for the first time since June 2006, a full year before the global financial crisis began. Data releases will meanwhile give clues to the robustness of other economies, some of which are seen as vulnerable to investment outflows as higher interest rates make U.S. assets more attractive. Especially in emerging markets, where currencies and other assets have plunged in value this year, that process has already started. Forecast-beating numbers on ... (full story)
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