Wednesday, July 13, 2016 IMF: Brexit will have ‘negligible’ impact on USThe United States flag flies above the Wall Street entrance to the New York Stock Exchange. “The net effect on growth is pretty negligible,” Nigel Chalk, the IMF’s mission chief for the United States, told reporters on a conference call. All in all, global equities are back to where they were when the UK voted for Brexit. The IMF kept unchanged its previous US economic growth forecasts of 2.2 percent for 2016 and 2.5 percent in 2017, issued a day before the British referendum. Meanwhile, a safe-haven rush into US Treasuries has lowered yields, and home and business financing costs, considerably.

Source: Bueno Aires Herald July 13, 2016 03:33 UTC