Fed Shouldn't Fly Solo on Rates

At least 19 countries have cut interest rates this year; should the Fed really be contemplating higher rates?

Bucking the trend.

Photographer: Mark Wilson

So far this year, at least 19 countries have cut their official central bank interest rates. The Federal Reserve, however, seems on track to raise its benchmark rate later this year. Is the U.S. economy really robust enough to require tighter monetary policy when the rest of the world is clearly still worried about the outlook for global growth?

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