The forecasts for the year of 2015 are not bad, assuming that most central banks will still have expansive monetary policies. The exception will be the US central bank, which will probably raise interest rates over the course of the year. That should not bring the economy to its knees, however, as the Fed will continue to tread very carefully. In theory, Wall Street should not be too concerned with how the Fed is handling things and most analysts, as a consequence, see no reason to panic.

Many see a gradual recovery of the global economy in 2015, for example. That recovery will be carried more by specific parts of the world than others, like Europe and Japan for example who are playing catch-up because of their own policies. The US economy will most likely show continued strength and momentum over the course of 2015 and will remain an important aspect of the health of the world economy.

The Fed Will Attract Attention

The recovery might last for a longer while as well in light of the low energy prices, low inflation, expansive monetary policies in key pars of the world, a functioning credit market and less focus on cost savings.

Central bankers will also continue to attract attention throughout 2015 with their monetary experiments. In Japan and Europe unseen stimulus packages will hit the financial system with the goal of protecting their economies from deflation. In the US, however, after six years of low or 0% interest rates the Fed will announce that it will raise them again.

The Fed will tread carefully, however, to not jeopardize the economic recovery of America. The change in policy will have its effect on the market nonetheless, but it will not stop the economy in its tracks. The future does not look bad at all, in summary.