The potential for another white-knuckle flirtation with a U.S. default via a debt-ceiling showdown is helping to raise policy uncertainty. The good news, is...
The potential for another white-knuckle flirtation with default by the U.S. government via a debt-ceiling showdown is helping to raise “policy uncertainty,” analysts noted Wednesday.
DeGraaf highlighted the chart above, tracking the U.S. Economic Policy Uncertainty Index, devised by economists Scott Baker of Northwestern University, Nick Bloom of Stanford University and Steven Davis of the University of Chicago. It draws on search results from 10 large U.S. newspapers, reports by the Congressional Budget Office that compile tax code provisions due to expire over the next 10 years, and the Philadelphia Fed’s survey of professional forecasters.
Outside the Box: Evergrande crisis and the U.S. debt-ceiling showdown could give stock investors a buying opportunity Democrats have refused to attach a raise in the debt ceiling to that spending plan, which they intend to push through the Senate using a process known as reconciliation, which requires a simple majority. Top Democrats have insisted that lifting the debt limit must be a bipartisan undertaking.
Worries about a potential default by China property giant Evergrande triggered a sharp stock-market selloff on Monday. Those concerns have since faded, with investors less worried about potential spillovers that could threaten the Chinese or global financial system.Also see: Will Evergrande be China’s ‘Lehman moment’? Wall Street says no
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Here's why the Evergrande crisis is not China's 'Lehman moment'Property developer China Evergrande's debt woes are unlikely to cause the same fallout as the collapse of U.S. investment bank Lehman Brothers, analysts said.
Read more »
Why Evergrande has suddenly exploded into a potential global financial market crisisThere's a risk to the stock market that's not covid or inflation. Here's what's going on with Evergrande:
Read more »
How Dodgers could get ultimate home-field advantage even as wild cardThe Dodgers and Giants will probably finish with the two best records in baseball. But one of them wouldn't get home-field advantage until the World Series.
Read more »
The Latest Dodgers-Giants Rivalry: To Avoid the Wild-Card GameThe San Francisco Giants and Los Angeles Dodgers are both on pace to win more than 100 games. One of them will be stuck in the wild-card game, raising a question: Are the baseball playoffs fair?
Read more »
Nicole Richie's transformation from wild partying to settled mum as she turns 40From being adopted by music legend Lionel Richie to her spiral into drug addiction and finding love with a rocker husband and having two kids, this is Nicole Richie's not so simple life
Read more »
Browns Fans Throw Violent Punches In Wild Melee At Pregame TailgateA wild melee broke out at a tailgate party just before the Browns' game against the Texans.
Read more »