(FT) US industrial heartland frets as Federal Reserve rate rise looms

If the Federal Reserve proceeds as expected and raises US interest rates for the first time in almost a decade on Wednesday it will be an affirmation of what Janet Yellen and her fellow policymakers see as the strength of the US recovery.

It will also be at odds with what many in the US’s industrial economy are seeing.

From manufacturing behemoths like Caterpillar and Deere & Co to companies supplying the industrial sector the common theme in recent months has been that, thanks to a strong dollar and a collapse in commodity prices, tough times are back. Some are going so far as to declare the arrival of an industrial recession.

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Posted in * Economics, Politics, Consumer/consumer spending, Corporations/Corporate Life, Economy, Ethics / Moral Theology, Federal Reserve, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--, The U.S. Government, Theology