Subscribe To
Student debt loan repayments could be a headwind to US consumer spending
An unheralded US economic risk this month is the fate of around $430 billion in forgiven US student debt.The Supreme Court will decide on whether President Biden had the authority to write off the debt this month. The exact date of decisions aren't disclosed but it's one of seven cases likely to be decided before the end-of-June recess, so it could come any time.The market likely expects the Supreme Court to rule against Biden but it's tough to say whether it's priced in, and how much. Up to $20...
Read More
Posted: Jun 13 2023, 20:09
Author Name: forexlive
Views: 110842
