A September Rate Hike Could Be More About Power Than Financials

Sometimes it’s all about hurting your enemies more than yourself

Federal Reserve Bank Chair Janet Yellen holds a news conference following a meeting of the the Federal Open Market Committee at the Fed June 17, 2015 in Washington, DC. Chip Somodevilla/Getty Images

China has dominated the headlines in recent weeks, but the Fed also had its part to play in the recent market rout. Some analysts even said knowing full-well the consequences.

Just after the devaluation of the yuan on Aug. 11 and the release of the July Fed meeting minutes on Aug. 19, Western markets started to tumble.

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