Markets Brace for Federal Reserve Guidance
Another day, a stronger dollar. The Fed’s been meeting this week and is expected to release interest rate guidance today — and while Chair Janet Yellen had planned a gradual rise, some fear that any increase paired with a stronger dollar could do more damage to struggling global markets. OZY’s Simon Constable says money’s speeding away from China’s sluggish economy and into U.S. markets. But analysts say that a strong U.S. economy notwithstanding, the Fed has a responsibility to make policies that protect emerging markets, as well.