Goldman Sachs: Brexit Won’t Significantly Impact US Economy

According to a recent Bloomberg article, Goldman Sachs Group expects Brexit to have a limited impact on the US economy.

“The UK is not a global economic bellwether, and hence any economic activity slowdown should have limited impact,” according to Rohan Khanna, a London-based Interest-Rates Strategist at Goldman Sachs. With regard to US monetary policy, the bank is assigning “a cumulative two-thirds probability of at least one hike by year-end.” 

Ms. Khanna went on to explain that Brexit “is unlikely to stop the hiking cycle given the cyclical position of the US economy,” and “(w)ith above trend growth, the US is moving swiftly towards full-employment.”

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