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What the US return to 'normal' means for US funds

We asked fund managers what they thought of the state of the US economy in the wake of the latest meeting of the US Federal Reserve and what interest rate rises, a strong dollar and the oil price crash meant for their funds. We also take a look at how you should invest stateside.
March 25, 2015

Last week UK investors may have been focused on the Budget but the rest of the world was hanging on the every word - and one in particular - of Janet Yellen, chair of the Federal Reserve Board. The Fed's decision to remove the word 'patient' from its statement has set expectations of a rate rise sooner rather than later.

Investors are on tenterhooks about how and when rates will rise from their 2008 rock bottom, with disagreement rife about what the rampant strengthening of the dollar and slow wage growth could mean for that timeline.

We asked four US fund managers what they thought of the state of the US economy, and what a period of US recovery punctuated by an oil price shock and soaring dollar meant for them.

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