Did the Fed pull it off?

The latest data showed that the US economy grew more than expected in the second quarter of the year and inflation is at the lowest level for 2 years. Of course, that cannot be taken for granted just yet, but interest rates do look like they may well have peaked on the other side of the pond, after the 0.25% increase in July, says Premier Miton. In the UK the CPI for June showed that the rate of inflation had slowed faster than expected and was back to a level not seen for 12 months. Overall, there is room for optimism on the economic outlook, as we move through the cycle. But we are not out...