Brexit Does the Fed a Favor

Another effect of the Brexit vote is that any plans for a Fed rate hike this year are completely off the table. This was a huge favor for the Fed as they now have a disingenuous excuse to abandon an untenable policy.

Brexit won’t hurt us that much, but the idea of the Fed hiking rates this year is nuts. Remember that not that long ago, the Fed was planning to raise rates four times this year, and four more times in 2017.

Posted by on June 27th, 2016 at 2:04 pm

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