Archive for May 18th, 2023

New Overnight Developments Abroad - Daily Update

Optimism Growing that U.S. Debt Default Can Be Averted; Inflation Still Too High; and G7 Leaders Gathering in Hiroshima for Annual Summit

May 18, 2023

Negotiator comments that progress is being made in the U.S. debt ceiling talks is better than the alternative, but investor caution is advised. The vote to elect Kevin McCarthy Speaker of the House underscored the great difficulty in getting Republican members to agree on anything constructive. Best to assume that a U.S. default has been […] More