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London Finance Show: ‘Not convinced another US rate hike is on the cards’

Tim Harrison, head of wealth management at Linear Investments, isn’t convinced that another interest rate hike is on the cards in the US in the near future.

“I am very cautious on the rhetoric coming out [from the Fed] because I don’t think the US is as firm as people like to believe,” says Harrison.

“Inflation is still very, very low and they need inflation to justify a continual sustained rate rise schedule.”

Also in the segment, Harrison discusses: Ferguson Plc (LON:FERG); AO World PLC (LON:AO.); currencies; and Berenberg’s downgrade of Foxtons Group PLC (LON:FOXT).

 
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