On 14 June, the Federal Reserve raised short-term rates by another 25bps from 1% to 1.25%, despite fairly weak inflation figures.
Plans to begin balance sheet normalisation
Friendlier regulatory environment expected
Despite scepticism about some of US President Trump's high-profile plans, there remain some areas of growth and opportunity, says Jim Wright, manager of the Miton Global Infrastructure Income fund.
Retail and autos particularly affected
Excited about China's prospects
Markets rebound despite talk of impeachment in Brazil and the US
US equities have been very much the place to be in the past ten years. They have been a supremely performing asset class, driving the outperformance of developed markets.
'Lynchpin' for global stability