Given the robust employment rate and low inflation in the U.S., the Fed is most likely to increase 25 basis point of the interest rate since the GFC in 2007/2008 in the upcoming FOMC meeting.
After 3 rounds of QE, U.S. economy has finally recovered to a certain extent.
On the other side of the World, other major economies are still having recession or sluggish growth. China, no. 2 economic power has cut interest rates several times, and they will continue to do so to prop up the economy.
Japan, no. 3 guy is suffering from recession. Abe's government will continue the QE programs as well as coming more stimulus packages to revise the economy.
Euro-zone under the mandate of the ECB will continue the QE program as well as introducing more stimulus packages.
Other major economies like Brazil, OPEC nations and Australia are suffering due to the collapse of commodity prices.
Therefore, we can see that only U.S. is doing well. Can U.S. alone lead the rest of the world out of the wood?