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WALL STREET INSIGHT

Fed looks certain to raise rates

Some credit-market volatility seen but stronger dollar may have positive effect for net importer America
Monday, December 14, 2015 - 05:50
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The Federal Reserve has not raised rates in almost 10 years but looks almost certain to do so on Wednesday.

CALL it hike-o-phobia. The Federal Reserve has not raised rates in almost 10 years but looks almost certain to do so on Wednesday. The proximity of higher interest rates has sent commodities, currency and stock markets into a state of anaphylactic shock reminiscent of the financial crisis.