Central Banks in USA and UK tightening monetary policy?

At the end of this week, we will know whether or not the Federal Reserve will raise interest rates for the first time in about ten years. At present, nobody knows for certain what they will do and economists are also disagreeing on whether or not the rise should take place.

Any movement in interest rates has important implications for the macroeconomy, exchange rates, financial markets globally, and ordinary consumers who have housing loans or credit card debt.

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