Credit Suisse: Rate Hike Shouldn't Be End of the World

The transcript discusses the potential for a rate hike by the Fed, considering the health of the US economy and global economic factors. It highlights the Fed's strategy of testing market reactions before announcements and the impact of global events like Brexit. The probability of a rate hike by December is debated, with a focus on the challenges posed by international economic conditions. Despite robust US economic data, global concerns, especially in Europe and China, complicate the decision for a rate hike.

Discuss the historical context of the Fed testing the waters before major announcements.

What were the implications of Stanley Fischer's comments regarding the rate hike?