S&P500 Futures retreat, yields grind higher amid cautious mood ahead of US debt-ceiling talks – by anilpanchal7 SP500 Futures YieldCurve FiscalPolicy Inflation
Additionally challenging the market optimism are unimpressive comments from Chicago Federal Reserve Bank President Austan Goolsbee and the Federal Reserve’s quarterly bank loan survey. It’s worth noting, however, US Treasury Secretary Janet Yellen's fears of the US missing the bond payments on June 01 and the US-China tension also spoil the mood.
US President Joe Biden braces to confront Republican House Speaker Kevin McCarthy, Republican Senate Minority Leader Mitch McConnell and top congressional Democrats at the White House on Tuesday. Ahead of the meeting, Reuters shares news suggesting US Treasury Secretary Janet Yellen’s personal reaching out to business and financial leaders to explain the"catastrophic" impact a US default on its debt would have on the U.S.
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