S&P Slashes US Economic Growth Outlook, Blames Brexit…(EVERYTHING Will Be Blamed On BREXIT!)
by Tyler Durden
ZeroHedge.com
Jul 1, 2016
Is this even allowed? It appears S&P has joined the cynical, skeptical ranks of fiction-peddlers and has axed its economic outlook for the US economy.
“All told, we expect the repercussions from Brexit to weigh somewhat on U.S. GDP,” says S&P’s U.S. Chief Economist Beth Ann Bovino. “Combining this with lower-than-expected first quarter growth leads to the lowering of our forecast for growth this year and next.”
Furthermore, while S&P is dovish on 2016…
The Fed will now likely stay on the sidelines until the December FOMC meeting then will likely raise rates by 25 basis points
The Rest…HERE