You can count on an increase in September; December no longer looks so certain.
Here’s an assessment of the big four known unknowns.
The country is confronting some old problems and a host of news risks.
A three-pronged approach opens up opportunities for traders and investors.
The central bank meets this week and probably will go out of its way to demonstrate independence.
The U.S. will continue to outperform as long as there's no trade war.
But it's important to watch for signs of whether this new regime will move toward the middle or try to cement power.
The U.S. economy continues to pick up, while Europe is hitting a soft patch, if not decelerating.
Both central banks will continue to unwind their extraordinary measures, but at different paces.
The U.S. could be backed into a corner, making discussion of any other critical issue all but impossible.