To raise interest rates, the Fed needs Europe's permission

April 7, 2015 1:34 PM

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To raise interest rates, the Fed needs Europe's permission

The Federal Reserve may begin raising interest rates this summer, but it won't get very far with the deflationary policies from the central banks in Europe, according to one analyst. 

The market is sending signals that the Federal Reserve may not make much headway raising interest rates during the next two years—even if central bankers are intent on doing so, Jonathan Golub, chief U.S. market strategist at RBC Capital Markets, said on Tuesday.

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