By Felix Wintle, Investment Director & Head of US Equities
The most recent communication from Federal Reserve chair Janet Yellen has put the market’s sights on September as the most likely month for the first rate rise. This is due to the stronger than expected economic data of late, particularly in employment and housing, which are continuing to pick up.
We continue to believe that the Fed will be data-led and, as the economy continues to strengthen, so does the likelihood of rates rising sooner. This should demonstrate the strength of the US compared to the rest of the world…
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