UK fortunes in hands of US

markets forum

cSAM's bill mott warns if federal reserve raises rates it will have a negative influence on uk

In the coming months, the US has an almost impossible balancing act to pull off, warned Bill Mott, UK strategic adviser at Credit Suisse Asset Management. That is, to slow consumer spending without damaging broader economic growth. Even if it manages this, a positive outcome is already largely discounted, he said. Mott believes the outlook for the UK market will rely heavily on what happens in the US, and his view there is not optimistic. He painted a picture of a high-spending, savings-light US consumer, who is being encouraged by fiscal and monetary policy to spend the US economy back to...