Global equities rise in US economic slowdown

The US economy is slowing leading to increased expectations that the global equity markets will continue to rise. Steve Cleal, head of investment funds at Morley, says expectations following the Fed's interest rate rises earlier this year were that it would take a long time for the economy to slow which would in turn hold back the US and global equity markets. He adds: "The slowdown of the US economy is a double-edged sword. It is positive in that it reduces the chances of the Fed raising interest rates further which could lead to a recession, but it is also negative as a slow US economy ...