Economics
Fed Stress Tests World Economy Weaker Than in Past Cycles
- International backdrop puts onus on Yellen's communication
- A U.S. move would coincide with weakening in global outlook
What Happens If the Fed Makes a Policy Mistake?
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The world economy is about to be stress tested.
Regardless of whether the Federal Reserve raises interest rates on Thursday, the first tightening of U.S. monetary policy in almost a decade is beckoning.