Against the backdrop of rising market concern around the status of the US debt ceiling fracas as indicated by this week’s cover chart plus ongoing risks in US banking lies uncertainty toward how restrictive US monetary policy really is. We might hear discussion on this point toward the end of the week while the week kick’s off with the tail risk of easier Chinese monetary policy. Other highlights this week will focus upon Banxico’s expected pause, Canadian inflation, and a wave of global macro reports plus Turkey’s election and the New Zealand budget. On Friday, Federal Reserve Chair Powell and past Chair Bernanke ... (full story)