Janet Yellen's appointment as chairman of the US Federal Reserve could see tapering of quantitative easing (QE) as early as December, experts say.
There were signs of tentative progress on the US fiscal deadlock yesterday as President Obama indicated he would accept a short-term increase in the nation's borrowing authority to avert a default.
Ratings agency Moody's has said it expects US politicians to reach an agreement on the country's debt ceiling, with a default "extremely unlikely".
The US government shutdown combined with growing concern over the country's debt ceiling have led to renewed fears US equity markets could sell off heavily if the impasse continues.
Rathbones Unit Trust Management has selected five US equity funds that can add value at a time when many managers are struggling to outperform the S&P 500 index.
Smith & Williamson is reducing the number of holdings in its £87m North American Trust by almost 50% as part of an overhaul of the fund, which also sees lead manager Lady Tana Focke step back from her role.
Tom Walker has handed over management of the Martin Currie North American fund to his co-manager Penny Kyle.