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Moody's on US debt ceiling now a "real threat"
Moody’s Analytics on the US debt ceiling showdown:We now assign a 10% probability to a breach. If there is a breach, it is much more likely to be a short one than a prolonged one. But even a lengthy standoff no longer has a zero probability. What once seemed unimaginable now seems a real threat.Adds:“spiking interest rates and plunging equity prices,” even if it’s just a brief breach of the debt limitHouse leader McCarthy and US President Biden are the two key players in negotiations...
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Posted: May 9 2023, 23:38
Author Name: forexlive
Views: 081745