In the Wall Street Journal:
A wave of financial turbulence overseas could delay the Federal Reserve's plans to raise short-term interest rates in the months ahead, but only if it ends up knocking the U.S. economy off track.
That's from Jon Hilsenrath, there's a lot more here (may be gated): For Fed to Delay Rate Hikes, Global Tumult Would Need to Infect U.S.
Meanwhile, from Bloomberg:
The financial-market fallout from a possible Greek debt default and abandonment of the euro would add to the economic headwinds Australia already faces. "At the end of the day, the RBA is a very pragmatic institution," said Andrew Ticehurst, a Sydney-based interest-rate strategist at Nomura Holdings Inc. "You could suggest that they do not want to lower the cash rate any further here, but equally you could suggest that they did not want to lower the cash rate in the first half of the year and yet they did." Ticehurst, who correctly picked every RBA decision in 2015, is "quite confident" the central bank will cut again in November.
