S&P Slashes US Economic Growth Outlook, Blames Brexit…(EVERYTHING Will Be Blamed On BREXIT!)

Friday, July 1, 2016
By Paul Martin

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

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