Markets overreactingI hope that FED will raise interest soon in order to prove them self wrong with all that manipulation. IMHO they can not raise interest against the rest of the world (Euro, BoJ, PBoC), interest rates can move if all other big players are on the same page. US economy is simply too weak
...Global growth is projected to slow to 3.1 percent in 2016 before recovering to 3.4 percent in 2017. The forecast, revised down by 0.1 percentage point for 2016 and 2017 relative to April, reflects a more subdued outlook for advanced economies following the June U.K. vote in favor of leaving the European Union (Brexit) and weaker-than-expected growth in the United States. These developments have put further downward pressure on global interest rates, as monetary policy is now expected to remain accommodative for longer...
Full article from IMF https://www.imf.org/external/pubs/ft/weo/2016/02/