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BREXIT – Widening Range of Potential Outcomes

Clement K. Miller |
Wilmington Wire
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December 21, 2018 – The UK is scheduled to exit the EU on March 29, 2019.  During the two years since the original UK withdrawal notification, businesses have been preparing for two scenarios: either a negotiated transition to a future free trade agreement or a disorderly departure.  Until mid-November, given the troublesome issue of the land border between Northern Ireland and Ireland, it was unclear whether the UK and EU would actually be able to conclude such a Withdrawal Agreement.

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Fed hikes rates, but signals slower and more uncertain path of hikes for the future

Rhea Thomas |
Wilmington Wire
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December 20, 2018 – The Federal Open Market Committee (FOMC) hiked the target Fed Funds rate as expected yesterday by 25 basis points from 2.25% to 2.50%.  The statement and press conference suggested that the outlook for the U.S. economy was one of decelerating but still solid growth, underscored by labor market tightness. However, it also highlighted, as we expected, that the Fed will likely have to slow its pace of hikes in 2019 and is more uncertain about the path of hikes going forward.

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