US interest rates, two are necessary in 2016

Patrick Harker, president of the Federal Reserve Bank of Philadelphia, has minimized the impact on the economy Brexit US and confirmed his opinion that this year increases could be two, also three increases in interest rates by the Central Institute of Washington. 

While acknowledging that Brexit is causing uncertainty, Mr Harker played down its significance. "Brexit is low on my list of risks, and I do not anticipate more than a transitory couple of 10ths of a percentage point slowdown in growth," he said. Harker said he expects economic growth of 2 per cent in 2016 and 2.3 per cent in both 2017 and 2018.