By Luke Bartholomew, Fixed Income Investment Manager, Aberdeen
Interest rates in the US have been anchored to the ground for six years as the world’s largest economy has slowly spluttered back to life. Recovery appears to be under way and despite the weakness in the first quarter, the moment when interest rates rise finally looks to be on the horizon. Janet Yellen, who is chair of America’s Central Bank, the US Federal Reserve (Fed), has been at pains to make clear that the decision to raise rates hinges on economic data being strong enough to absorb the effect of a rate rise.
