The debate in monetary policy for most of the year has regarded when the Federal Reserve will increase interest rates for the first time in nine years. The last rate hike was in June 2006.The debate in monetary policy for most of the year has regarded when the Federal Reserve will increase interest rates for the first time in nine years. The last rate hike was in June 2006.The general opinion was that it would occur in June or September after the scheduled Fed meetings in those months. We noted here in April that an earlier-rather-than-later move could not be ruled out, but that does not appear likely now. An update on whether the Fed will raise rates will be announced Wednesday, and it is almost certain that the decision will not be accord...

TAGS – Energy