The Presidential Daily Brief


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    Fed Likely to Hold Rates as Brexit Vote Looms

    They’re playing a waiting game. Federal Reserve Chair Janet Yellen says a U.K. departure from the EU could have “significant economic repercussions” and is one factor she and her colleagues will consider when they decide on interest rate changes next week. Many believe a U.S. rate hike will hit this summer — the first since a .25 percent boost last December. But May’s “disappointing” U.S. jobs report and the June 23 Brexit vote will likely prompt the Fed to delay any announcement until voters and investors have their say first.

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