Uncertainty About Possible US Interest Rate Hike Grows

As worries over China’s slowing economy recede, financial markets are shifting their attention once again to U.S. monetary policy - specifically, the timing of the central bank's next interest rate hike. The U.S. Federal Reserve, also called the "Fed," has kept short term interest rates at record lows since 2008 to reduce the cost of borrowing, boost spending and bolster economic growth. Central banks use interest rates as a tool to stimulate the economy when it is sluggish...

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