in nearly two years during March. The job market has been one of the main pillars supporting a slowing economy, and a drop-off there would likely mean a recession.
Much of the financial system is built on the assumption that U.S. government debt is the safest investment available. The hope is that Congress will strike a deal before the deadline, as it has many times before, because the alternative would be so dire. “There could be a few debt ceiling deadlines prior to the 2024 elections,” UBS strategists led by Michael Cloherty wrote in a report.
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market outlook: Fed to disappoint investors wanting interest rate cutThe stock market is poised for a sell-off as an overly hawkish Fed could dash hopes for interest rate cuts, Morgan Stanley's Mike Wilson says
Source: BusinessInsider - 🏆 729. / 51 Read more »