It has become one of the most anticipated — and dreaded — events of the year. Some are calling it the Y2K of 2015, referring to the fears of widespread potential computer breakdowns at the turn of the century.
At the stroke of 2 p.m. Eastern time Thursday, the Federal Reserve will announce whether it will make its first interest rate hike in nearly a decade. Anxious investors are in countdown mode.
The World Bank warns that a rate hike could strike "turmoil and panic" in emerging markets. Many in those developing economies and elsewhere, weary from the uncertainty of it all, are saying, "Enough already, get it over with."
But for all the...