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Headline
The pound remains weak, and the dollar has been bolstered by the ‘flight to safety’ amid uncertainty. As the UK-EU relationship is clarified in coming months, currencies will revert to pre-Brexit norms.
Abstract
Once dust settles (soon), global macro landscape will show little change; UK will take ‘associate’ EU status. Brexit will have no tangible economic impact on US. U.S. real GDP picked up to +2 1⁄2% in 16Q2, will sustain healthy pace into 2017. Core inflation likely to exceed Fed’s +2% target by early next year. Yellen will pause, but rate hikes should resume by year-end.About Michael Lewis
Mike Lewis founded Free Market Inc. (FMI) in 1982 as a full-service economic consulting firm, providing insights and in-depth data analysis primarily for institutional money managers and corporate planning directors.
FMI has compiled a solid record of timely, independent and accurate economic forecasts. FMI blends its unique analysis of indicators and experience with economic cycles into a consistent overall outlook. They offer both a comprehensive overview and in-depth detail that enable clients to integrate FMI’s insights into their decision-making process.
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