Further US interest rate rises not on the horizon

There is increasing confidence that no further interest rate rises in the US are the pipeline, creating more positive sentiment towards US equities. The Federal Funds target rate stands at 6.5% following six increases over the past year and many believe it will remain at that level until after the US presidential elections. Hargreaves Lansdown is optimistic about US equities and does not expect further interest rate rises during 2000 providing inflation remains in check and the new US president does nothing to damage the economy. Lee Gardhouse, fund manager on the Hargreaves Lansdown Gr...