One Volatile Week Could Seal Fed Stance After Years of Low RatesBy
Fed now watching markets after China shocks sparked turbulence
Price swings in currencies, bonds and stocks have soared
Call it the tail wagging the dog. After holding interest rates at rock-bottom levels since 2008 to support the U.S. economy, the Federal Reserve’s decision whether to raise them this month may boil down to what happens in financial markets during the next five trading days.
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