Stocks Recover From Brexit But What's Next For The U.S. Economy?
News last Friday that Great Britain voted to break away from the European Union hit the U.S. market hard. It set off a 3.5% Friday plunge in the Standard & Poor's 500 index and, the following Monday, stocks dropped another 1.8%.more >
Britain Votes To Leave The European Union, Surprising The World
Stocks dropped 3.6% on Friday, the biggest drop since August 2015, after Great Britain's voters narrowly decided to leave the European Union. Just days ago, Britain's exit from the EU had been regarded as highly unlikely. The world was stunned by the vote, which was widely reported to have turned out more than 70% of eligible voters, and resulted in 52% favoring exiting the EU, and 48% who wanted to stay.more >
Fed Chair Strikes A More Cautious Tone, But Still Expects Moderate Growth
Stocks lost 1.2% in the week after the U.S. Federal Reserve Board slightly lowered its forecast for the U.S. economy. "Recent economic indicators have been mixed, suggesting that our cautious approach to adjusting monetary policy remains appropriate," the Fed chairwoman, Janet L. Yellen, told at a press conference.more >