US rates and inflation unlikely to rise

Docherty said higher rates would be more problematic for the US in the long term if the government continued to ignore the fiscal deficit problem. He said: “It is not in the best interest for the Federal Reserve to continue to raise rates because in order to reduce its fiscal deficit problem cuts will be needed. “Although there has been inflationary concerns regarding higher commodity and oil prices, there has been no real inflation coming through in terms of prices of goods for consumers. US consumers are still benefiting from buying cheaper goods which have been manufactured in the emergi...