Over the years, it's become essential (to me) to understand monetary policy and money flows across the globe. With all of the recent 'pining' over whether the Fed will begin to raise rates this year, I felt this piece from Financial Times gave a great representation of who is worried over what, and why. I truly recommend you give if it a read. There's also more discussed on this article. Enjoy.
Why is the Fed considering raising interest rates now?
America has seen its longest private sector hiring spurt on record, and unemployment has halved since its peak. The Fed thinks the hot jobs market could spur a pickup in inflation and wages. Given it is tasked with keeping inflation low, it is considering raising the cost of borrowing to keep the economy on an even keel.
Why have rates in the US been held so low for so long?
The US was hit by the crash in its housing market and banking sector between 2007-09. The Fed felt it needed to pull out all of the stops t