Could rate hikes derail the US economy?

The US economy is booming, but there are concerns that the Fed's tightening of its monetary policy could spook markets and take the recovery off course.

Third quarter economic growth came in at 5 per cent for the US, a rate double the historical average. On any measure the US economy is booming. This isn’t some modest growth profile or a tentative recovery; it’s booming. 

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