NACM recently published an article titled, H the ‘Brexit’ Impacts U.S. Companies stating, “The gross domestic product of the country remains dependent on exports for between 15% and 25% of the total and that could be cut by a third as the dollar gains.”
We noted that the Federal Reserve held off on interest rate increases last month, which appeared to be in reaction to the looming vote in Europe. The vast majority or prognosticators saw the vote ending differently leading to a collective gasp heard ‘round the globe. NACM’s article points out that many economists suggest interest rates won’t increase until late in the year or even 2018.