interest rate

Amid rising debt and weak economic data

Third consecutive hike

Third rate rise since December 2015

Populists gaining political momentum

Second rate rise since December 2015

Income-seekers face "an ongoing headache"

What made financial headlines over the weekend?

Speaking ahead of Bank of England meeting

The S&P reached a further record high at closing yesterday, as disappointing economic data coming out of the US alleviated fears of an interest rate rise in the near future.

Richard Woolnough, manager of the £24bn M&G Optimal Income fund, says he is at a loss to understand why the US is holding off on raising interest rates.