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The already tepid August jobs level of 173,000 was revised sharply lower to 136,000, surprising analysts who had anticipated a large upward revision which is typical for that month.

The Federal Reserve decided not to lift its key interest rate about two weeks ago, but New York Fed President William Dudley says a rate hike will likely come before 2016.

So if you’ve been waiting with bated breath to see whether the Federal Reserve would raise interest rates or not, at least after watching this video you can say, “Now I get it”. Over the past 30 years, there have been 4 major tightening cycles in 2004, 1999,...

Nothing can move Rajan to reduce rates except the economic fundamentals.

“The MPC has decided unanimously to keep the repurchase rate unchanged for now at 6% per annum”.

Where does China go from here? For greater accomplishments, the US role will be to determine the price of status, and the Chinese role will be to determine whether that price is worth paying. This expectation is based on a conditional convergence framework that relies on data...

In addition, fresh pressure from capital market volatility this summer, currency devaluation in emerging markets and slumping global commodity prices are further muddying growth prospects.

Yao said the Fed should set objective conditions that will trigger a rate hike, such as inflation, unemployment and risks of property and housing bubbles.

However, the central bank maintained its bias towards a rate hike sometime this year, while lowering its long-term outlook for the economy.

“We may continue to see a downward progression for stock markets, as investors adjust to a world where growth is expected to be weaker…”

The lower CPI could lead to the Federal Reserve deciding to not raise interest rates this month.

In Britain, while this year’s moves in oil returned headline inflation to zero, there was nothing in those numbers to further undermine expectations that the Bank of England will follow the Federal Reserve in raising interest rates next year.

In comparison, the benchmark Shanghai Composite index finished down by a smaller 2.67%.

But the liftoff is surrounded by a contentious debate.

It wasn’t like USA markets were in flawless shape before China’s spooked them.