Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Fed will have better idea of Brexit impact by July meeting - Fischer

Published 07/01/2016, 10:24 AM
© Reuters.  Fed vice chair expects to have better info on Brexit impact by July meeting

Investing.com – Federal Reserve (Fed) vice chairman Stanley Fischer said in an interview on Friday that it was still too soon to evaluate the impact of the Brexit, as the U.K.’s decision to leave the European Union (EU) was known.

However, along much the same lines as St. Louis Fed president James Bullard, Fischer suggested that the impact was probably much smaller than for others.

He told CNBC that the Fed would have a better idea of economic conditions by the July meeting and that the economy was the Fed’s number one priority.

Fischer noted that his outlook continued to be for a gradual improvement in the economy and insisted that most of the data since the May payrolls report was looking good.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.