While you were sleeping: Brexit keeps lid on stocks

Wed, 22 Jun 2016

By Margreet Dietz June 23 (BusinessDesk) - Wall Street was mixed ahead of the UK’s referendum on the country’s membership in the European Union. US Federal Reserve Chair Janet Yellen’s semi-annual testimony before lawmakers, on Tuesday and again on Wednesday, underpinned expectations the central bank won’t be in a rush to raise interest rates, as she signalled concern over low productivity even as she remained upbeat about the outlook for the US economy. Futures indicate 44 percent odds that the Fed will tighten policy this year, down...

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