AMP Capital's 5 reasons not to be too worried about the Fed

AMP Capital's Head of Investment Strategy and Chief Economist Dr. Shane Oliver has 5 reasons not to worry about the Federal Reserve

Worries about the Fed's first interest rate hike, which is now likely to be in December, may cause more volatility in share markets in the near term.

There are 5 reasons not to be too concerned about the Fed:

1. rate hikes will be conditional on the US economy continuing to improve and the process is likely to be gradual;
2. history tells us it is only when monetary policy becomes tight that it becomes a major problem;
3. other major countries are still easing;
4. the strength of the $US will constrain the Fed;
5. and shares outside the US are cheap indicating there are still plenty of opportunities for investors

There is much more detail at his article