Brexit Will Force The Fed To Act

Brexit Will Force The Fed To Act

In the run-up to the UK’s referendum on EU membership, Federal Reserve Chair Janet Yellen warned that the vote could “negatively affect financial conditions and the US economic outlook.”

The vote only took place two days ago, but it’s pretty clear that this forecast was spot on, and now Fed watchers are asking how this outcome will affect the central bank’s near-term policy.

Cooperman: Brexit Is A Fad, Watch Fed, Valuations, Euphoria; Bridgewater Worries

Analysts at Macquarie published a research note this morning claiming that the Fed will now push its next rate hike out until December, reflecting how uncertainty on how the Brexit vote may impact the broader global outlook....