Even as central banks grapple with decisions about whether and when to raise interest rates, deeper forces are at work to force rates lower. The process of globalisation and intensifying economic integration has expanded markets for capital, goods, services and labour across international borders, increasing supply and bringing prices down.

The Fed is not likely to make a move on interest rates when it meets this. The timing of a Fed rate cut, the first in more than a decade, is up for debate.. Then there are a few, such as economists at Goldman Sachs, who. would be 10,000 points higher if the Fed didn't raise interest rates.. Wednesday.

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