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FMI July 2016 Economic and Investment Outlook

written by Michael Lewis on July 01, 2016

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.