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Published on Tuesday, June 28, 2016 | Updated on Wednesday, June 29, 2016

U.S. after Brexit: Shaken, not stirred

Brexit acts as an additional downward risk in an already highly uncertain environment. Financial stress likely to recede as central banks react by injecting liquidity. Negative effects on U.S. economic activity will be modest. Outlook for monetary policy normalization tilts further to the downside