A reassuring Reserve

According to this article from the Financial Times, published Thursday 11 January, the Federal Reserve's decision to halt its series of interest rate rises in June last year now looks to have been correct.

"Lower inflation, alongside a slower economy, would normally mean lower interest rates. But a strong employment market could stay the Fed's hand," the article says.

"Monetary policy is reasonably tight at present, with long-term rates 50 basis points above those on overnight deposits, and Mr

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