The US debt ceiling bill might have been signed off by President Biden just over a week ago but it does not mean that its reverberations will end.
It seems to be agreed that last week’s debt ceiling deal passed by Congress won’t hit the economy hard. That certainly seems true if we look at the scale of the cuts to...
Financial market anxiety seems to be increasing as politicians continue to try to hammer out a debt ceiling deal in the US. It seems that this uncertainty is providing...
There might theoretically be a risk of a technical default in the US but no country allows itself to default when it has the means and the incentive to pay its bills:...
Volatility has slumped in the G10 FX market. Should we take this as a sign that boring range-trading is set to persist? Or is it a sign that the market is waiting for...
There’s clearly a significant event risk coming up in the shape of the pressing need to raise the debt ceiling in the US, or else find some way around the risk of a...
If the debt ceiling binds, and the U.S. Treasury does not have the ability to pay its obligations, the negative economic effects would quickly mount.
When we look out to the possible pitfalls in 2023, there are a couple that immediately come to mind.
A US debt ceiling standoff between Republicans and Democrats comes round every so often and draws the usual claims that it could spark a debt default and untold...
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