Fed rate hints show Brexit ‘not a shock’ for US economy

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The Federal Reserve’s Chair, Janet Yellen, says the “case has strengthened” for an interest rate rise. An earlier increase was thought to have been delayed because of concerns over the UK’s vote to leave the EU. Economist François-Xavier Chauchat tells us Yellen’s comments are a sign that Brexit “was not a shock” for the US economy. Also today, the German vice-chancellor pours cold water on hopes of a deal on an EU-US Transatlantic Trade Partnership.

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