On 14 June, the Federal Reserve raised short-term rates by another 25bps from 1% to 1.25%, despite fairly weak inflation figures.
Investment opportunity
Why the reflation trade is 'overhyped'
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.
Managers at Investment Week's June Funds to Watch conference share their views on what to expect from the rest of 2017 and beyond.
Retail and autos particularly affected
One of three countries globally to not participate
Paul Jackson, head of research at Source, looks at how the changing political landscape has helped Europe - while hurting the UK, US and Brazil.