[Reuters – UK Focus] – U.S stock prices were slightly higher at midsession Monday after a Federal Reserve policymaker expressed caution about the need to raise U.S. interest rates, though European and Asian equities finished lower after the biggest fall on Wall Street since June on Friday. Federal Reserve officials have raised the chances of another interest rate rise this year in the past few weeks and the European Central Bank and Bank of Japan have also refrained from further monetary policy easing recently, culminating in Friday’s revaluation of stocks after U.S corporate earnings fell for the fifth straight quarter. Federal Reserve governor Lael Brainerd is also due to make a speech in Chicago later Monday, the last policy maker to speak before next week’s Fed policy meeting.
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