Interest rates and Harbin growth

While everyone has had the oil price crystal ball out over the past few months the interest rate question has taken a bit of a back seat, but no longer. The US Federal Reserve policy committee has become more and more vocal about increasing interest rates during 2015 over the past few months as US economic and employment data continue to strengthen. Next month will see the Fed decide on whether to remove the patient wording in the Fed’s policy statement post-2008 that effectively limited the Fed to at least two full policy meetings before any rate rise could take