Economics: US interest rate rise leads to lack of consensus

The recent US interest rate rise has led to a lack of consensus among economists about what the futur...

The recent US interest rate rise has led to a lack of consensus among economists about what the future holds for the region. Bob Parker, vice chairman of Credit Suisse, and Jim Wood Smith, head of research at Christows, believe the US Federal Reserve has left its options open for a further rate rise but Ian Kernohan, economist at Royal London, does not agree. Kernohan says the US economy is slowing and, while inflation remains high relative to target levels, it is almost entirely due to energy prices. “Over the long term, inflation is largely determined in the labour market and a slowing...