Focusing on Fundamentals as the Fed continues to be busy doing
nothing
The world's focus in August was undoubtedly drawn east to
the market turbulence in China; this month the world's gaze is
firmly back in the West. The eagerly anticipated decision by the
Fed on whether or not to raise interest rates held people's
attention on the US, whilst the more recent news on
Volkswagen's emissions scandal brought all eyes onto Europe.
All this has rather over shadowed yet another general election in
Greece, making it five in six years and closer to home, the
election of a new opposition leader.
US Rates and the global picture
Along with the rest of the world, we watched and waited for the
outcome of the FED's two day meeting to decide whether to
increase interest rates for the first time since the start of the
financial crisis.
