News Snapshot:
The Federal Reserve will raise interest rates, the only question being how far it will go as it seeks to curb US consumer price inflation. Higher nominal US interest rates will entice many investors but, from an overall investment perspective, China may still prove the more attractive proposition. First, with US interest rates at the zero bound now but the consumer price index at 7.5 per cent year on year in January, whatever the Fed does in the coming months, the reality is that investors in US Treasuries are still going to be earning a negative real return for some...
