Weekly Comic: Fed meeting, Brexit could provide June fireworksJune 2, 2016
Weekly Comic: Fed meeting, Brexit could provide June fireworks
Investing.com – June will bring two major risk events that could affect global financial markets for months to come.
The Federal Reserve next meets to discuss monetary policy on June 14-15, with some expecting the U.S. central bank to raise interest rates for the first time since December. Odds of a June Fed rate hike stood at nearly 21%, according to futures markets.
Meanwhile, the highly-anticipated U.K. referendum on whether or not Britain will choose to remain a member of the European Union, termed Brexit, will take place on June 23 and the latest polling shows voters favor a split, seen as a negative that could upset the markets.
These two potential shock events will keep traders on high alert during the next two weeks.
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