October 5, 2018— On March 29, 2019, the UK officially leaves the EU, 33 months after the June 23, 2016 referendum. Fortunately, the referendum triggered a depreciation of pound sterling that has boosted the international competitiveness of UK goods exporters (Figure 1). Moreover, since the referendum, UK firms have been assiduously preparing for post-Brexit challenges, even
October 2, 2018— After weeks of bargaining, surrounded by bluster and grandstanding suggesting that the demise of NAFTA as a trilateral agreement might have been near, Canada and the United States were able strike a deal at the eleventh hour on September 30 in an attempt to salvage NAFTA, just over a month after Mexico
September 28, 2018— As was fully expected and fully priced in, the Federal Reserve hiked interest rates again on September 26, and signaled that it expects to keep doing so over the next couple of years. The federal funds rate range increase of 25 basis points, or bps (0.25%), brought its target up to 2.00%–2.25%.