Swiss Economicblogs.org
Brexit puts upward pressure on US financial conditions, but growth forecast remains unchanged Read full report hereSo far, the UK vote to leave the UE has only led to a modest tightening in US monetary and financial conditions. Nevertheless, Brexit will probably mean lasting upward pressure on the US dollar and on US financial conditions.The UK absorbs less than 4% of US exports and the total of EU countries around 18%. This corresponds to 0.5%, respectively 2.3% of US GDP. Even a recession...
Read More »Brexit means the Fed will act even more cautiously
