Debt deal is doable
Markets have given Biden and McCarthy the benefit of the doubt. But Phil asks NAB’s Rodrigo Catril whether it’s really a response to more posturing rather than any solid news.
NAB Morning Call · NAB - The Morning Call
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Show Notes
Thursday 18th may 2023
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Markets have chosen to be optimistic over the US debt ceiling today, with US House Speaker Kevin McCarthy, saying a compromise was “doable”, maybe as soon as this week. And, as NAB’s Rodrigo Catril points out, Joe Biden is also positive, and the negotiating team has been reduced in size to nut out a solution. Japan’s GDP surprised on the upside yesterday and Australian wage growth came in as expected, but there’s still potential for them to rise further. Australia’s employment numbers are out this morning. All are discussed in today’s podcast.
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