The market says a Fed rate hike is a done deal. Here's why it might hold steady.
· finance.yahoo.com
Markets overwhelmingly expect the Federal Reserve to raise interest rates this week for the first time in more than three years — but the decision is likely to be a closer call than investors' bets suggest.
Yet, Posen maintains that a hike right now would require multiple board members to abruptly reverse their recent dovish stances. Doing so would also mean taking...