Market Attention Shifts to Fed Rates in September
With worries over China’s slowing economy starting to recede - financial markets are beginning to shift their collective attention to U.S. monetary policy - specifically, interest rates. The Federal Reserve has kept its benchmark interest rates at record lows to boost growth during the recession. Given the slow but steady improvement in the U.S. economy, analysts say the question is not whether interest rates will rise, but when. Mil Arcega has more.