Investment Clock insights

Watching the Fed has become rather like waiting for Godot


Trevor Greetham

22 September 2016

US Federal Reserve watching has become rather like Waiting for Godot. The low unemployment rate makes the Fed nervous but it never seems the right time to raise interest rates.

A sideways dollar and stronger activity in China should provide a boost for emerging market assets through the US election in November and beyond, if soggy business surveys or market volatility push rate hike expectations back into 2017.

The value of investments and the income from them is not guaranteed and may go down as well as up and investors may not get back the amount originally invested. The views expressed are the author’s own and do not constitute investment advice