The latest standoff over raising the nation’s debt ceiling is giving new life to an old theory about how to avoid a default.
Tag: Banking and Financial Institutions
-
Bank of England Is Expected to Raise Rates Again
A half-point rate increase, to 4 percent, the highest since 2008, is widely expected as the central bank continues its campaign to control inflation.
-
The Fed Raises Rates a Quarter Point and Signals More Ahead
America’s central bank has shifted into a new phase, raising rates more slowly as inflation shows signs of moderating.
-
Stock Market’s Newfound Optimism Faces Test as Fed Meets
Recent stock gains have been driven by hope that a rate-raising cycle is close to ending. If investors decide they were wrong about this, a drop could follow.
-
Wall Street Is Counting on a Debt Limit Trick That Could Entail Trouble
If the debt limit is breached, investors expect Treasury to put bond payments first. It’d be politically and practically fraught.