U.S. Outlook: A few breaks in the clouds this week

Posted By Scott Anderson In Economic Outlook | 1 Comment

Financial volatility continues to calm in the aftermath of the U.K. vote.

Chart showing stock losses in Europe [1]Globally there have been some encouraging political developments and monetary policy signaling.

For more on these developments, see highlights of my report below, followed by a link to the full U.S. Outlook, delivered on July 15.

Key observations:
  • While the Bank of England didn’t cut interest rates a the market expected this week, they did promise monetary stimulus in August.
  • A strong dollar will help keep inflation on imported consumer goods low, allowing household dollars to go further.
  • A note of caution: We have yet to see in the data the real economic shock from what occurred last month across the pond.

Click here to read my full report. [2]

Article printed from Bank of the West: https://changematters.bankofthewest.com

URL to article: https://changematters.bankofthewest.com/2016/07/15/u-s-outlook-breaks-clouds-week/

URLs in this post:

[1] Image: http://blog.bankofthewest.com/wp-content/uploads/2016/07/chart_stocklosses_071516.jpg

[2] Click here to read my full report.: http://blog.bankofthewest.com/wp-content/uploads/2016/07/BankoftheWest_USOutlook_07_15_16.pdf

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