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JP Morgan expects US debt ceiling to become an issue as early as next month

For some context, the cutoff date for this is currently in early June and typically the can will get kicked down the road. We're likely to see Yellen announce a revised date in the near future on this.However, JP Morgan says that it expects both the debate over the debt ceiling as well as the one on federal funding to run "dangerously close" to their final deadlines. Adding that there is a "non-trivial risk" that US Treasuries will face a technical default situation. The firm also says that it e... Read More

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Posted: Apr 20 2023, 10:01

Author Name: forexlive

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