Memani says the Fed and other central banks "will do whatever is necessary to limit the fallout from the (British) referendum and provide support to the global economy. Its finance minister, George Osborne, warned Friday that the referendum is "likely to lead to a significant negative shock for the British economy." "Yun forecast demand for US real estate to rise "if global investors view America as open to global business. "Growth is solid, albeit unspectacular, which is far better than much of the rest of the world." "Last week's tumult in Britain and Europe sent investors fleeing to the refuge of U.S. government bonds , pushing down American interest rates.

Source: Economic Times July 03, 2016 13:52 UTC