Will China's troubles force the Fed to delay its rate hike?

Will China’s shock yuan devaluation and stock market trouble force the Fed to delay its rate hike?

Source: Investing.com

According to minutes of the Federal Reserve’s July meeting published on Wednesday, Fed officials, led by Janet Yellen, were concerned about the possibility of adverse spillovers from slower economic growth in China, even before the Asian nation’s shock move to devalue the yuan last week. Some analysts believe the weakening of the Chinese currency will make it less likely that the Fed will hike interest rates next month.