The fed isn't raising rates, not in 2015 anyway, if ever.
I have to agree with that, I don't see the entire world lowering rates to zero or below zero, whilst America raises rates! The strength of the dollar would increase even more, beyond parity, destroying their exports.
It hurts the rest of the world too as things like gold and oil are priced in USD, so if it stays the same price, then they relatively go up in value in other currencies...
Yup. The reasons being given for maintaining low interest rates for a little bit longer are
- punishing winter and trade disruption at western ports
- rally in the dollar which is restraining inflation and US exports
- Wages and inflation are still not rising significantly
It will be interesting to see how the meeting of central banks goes and whether there are any key announcements
