Threadneedle's Burgess: Can the US go it alone next year?

Conventional monetary policy is "exhausted" and the key challenge for policymakers next year will be stimulating growth, says Threadneedle's Mark Burgess.

In many ways, the most important question for 2015 is whether the US can ‘go it alone'. Without the US, the global growth picture for next year is not particularly inspiring. If the US can continue with its robust performance, we should expect US assets - particularly equities, credit and the dollar - to perform.  The Federal Reserve will begin to normalise policy next year, but it will do so slowly. The overall policy environment should remain very accommodative. There is a qualitative difference between the disinflation in the US (driven by lower energy and food prices) compared ...