U.S. policymakers, companies see a Brexit hurting investment, profits

June 22, 2016 5:31 PM

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U.S. policymakers, companies see a Brexit hurting investment, profits

WASHINGTON A vote by Britons to leave the European Union on Thursday may not drag the United States into recession, but its effects on U.S. monetary policy, trade and corporate profits are causing concern in Washington D.C. and boardrooms alike.

Market volatility in the immediate aftermath of such an unprecedented decision would likely drive down the British pound and push the U.S. dollar up, keeping Federal Reserve interest rate rises on hold for even longer as the damage is assessed and divorce terms are negotiated with the EU.

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