Tag Archives: economy

And so it begins. Even before the Brexit vote, corporate profits in the U.K. were already under pressure from a combination of sluggish global growth and rising wages. But now, several weeks after referendum, business confidence in the U.K. is officially cratering. Credit Suisse’s Global Markets team expects corporate pessimism to ultimately translate into reduced investment and hiring, and the combination of rising unemployment and a weaker pound to squeeze household income. With uncertainty...

The Federal Reserve is expected to keep monetary policy unchanged over the next few months as the central bank continues to assess the underlying strength of the U.S. economy, especially after the Brexit vote raised concerns that a potential slowdown in the U.K. economy could have a significant spillover effect globally.   Credit Suisse’s Global Markets team believes that the vote has, in fact, exacerbated some tendencies within the Fed that were in place long before Britain’s June 23...

Real GDP growth in the U.S. wasn’t particularly impressive in the third quarter –the 1.5 percent annualized increase came in just shy of the 1.6 percent consensus forecast and way down from the 3.9 percent reading in the second quarter. A look at the components of GDP growth, however, reveals a very positive signal for the future: Consumer spending has been the biggest contributor to GDP in recent quarters, and American consumers are spending enough to make up for stagnating exports and...