Is the US heading for another political deadlock?

ON NORTH AMERICA

Miton's Hugh Grieves warns of the possibility of a nasty surprise from Washington.

It was always inevitable that quantitative easing had to end at some point and this could occur as soon as this month. Although this has unnerved the markets, the fact the Federal Reserve is now considering beginning to scale down its bond purchases should be a cause for optimism rather than fear. It is worth reflecting just how far the US economy has come since the global financial crisis erupted five years ago and how successful the remedial actions have been. Having peaked at 10% in October 2009, unemployment has now fallen to 7.4% and is still falling. House prices have retu...