Weekly Market Recap This week saw further improvement in US house prices for October with growth across all main US regions. Internationally, consumer confidence improved within the EU based on an October survey and industrial trends for the UK were positive based on Confederation of British Industry (CBI) data. Futures markets as well as comments by policy makers suggest that interest rates could rise at the Fed's December meeting in just over two weeks. It is worth remembering that, should this occur, rates are rising in response to a relatively robust US economy in the eyes of policy makers, and that this tightening cycle has so far been extremely slow relative to history. If rates do rise, then the last rise would have been one year ago and rates remain low, relative to history. Additionally, according to the book, Invest with the Fed by Robert Johnson, equities and bonds have historically over the long-term experienced positive returns regardless of whether interest rates are rising, falling or indeterminate. So rising interest rates, as with many factors that might cause short-term volatility and headlines, are not necessarily harmful to a balanced portfolio, based on history. Disclaimer:
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