Will Janet Yellen raise rates ?

Will she or won’t she? Market commentators and the media will be all a-tizzy this week in anticipation of the September meeting of the Federal Open Market Committee (FOMC) and comments from U.S. Federal Reserve chairwoman Janet Yellen on Thursday. The question on their minds, and many investors’ minds too, is whether the Fed will, at long last, raise the target interest rate from zilch, where it has been sitting since 2009.
Fears grow that a U.S. Fed rate hike this week could unleash a global debt crisis

The world has now racked up more debt than before the 2008 crisis, making the global financial system dangerously vulnerable to tightening by the Fed, the top banking watchdog warns.

If Yellen does make her move, it will be both something of a surprise to the markets and something of a watershed in global monetary policy.