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London Finance Show: ‘Oil prices key to future US rate hikes’

Market commentator Matt Brown reckons US inflation could edge higher in coming months if oil prices recover which could trigger another interest rate hike at some point soon.

For the time being though, he thinks Fed policymakers will be happy to stick rather than twist.

“A lot of members are now looking at the lower inflation numbers coming out of the US and saying, ‘look, we can’t be raising rates in a low inflation environment,” he explains in the London Finance show.

As for his ones to watch, Brown picks out B&Q owner Kingfisher PLC (LON:KGF) and AIM-quoted Seeing Machines Limited (LON:SEE).

There’s also a look at currencies and City broker Peel Hunt’s upgrade of Card Factory PLC (LON:CARD).

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