Fed rightly focusing on inflation trajectory: Richard Harris, Port Shelter
  • WebDesk BTVI
  • Aug 01 2019

Richard Harris, Chief Executive of Port Shelter Investment, says despite the long wait for a Fed rate cut, the fall in US market after rate cut announcement was a little wishy-washy. He says the US Fed is rightly focusing on inflation trajectory and protecting integrity of US Dollar. He says the US economy has been stable lately, and hence it is unlikely to see another rate cut in the foreseeable future. He expects US Dollar to strengthen further as economy improves.