US interest rate rise: what the economists say

The Federal Reserve looks poised to raise borrowing costs for the first time in year. The move is widely expected - but not everyone agrees it's the right move

The FOMC looks set to raise rates this week. That will likely be a major macro error at a time when oil and commodity prices are tumbling and there is no inflation. Most of the growth in the US economy is driven by the monetary stimulus; tightening now will rapidly have adverse effects, including on the manufacturing sector from the strengthening dollar.

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