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US: After Debt Ceiling Deal, Markets Will Face Heavy Issuance of Treasuries as Attention Turns to Upcoming Fed Meeting
The economy averted a crisis over the weekend when President Joe Biden signed legislation to extend the nation’s borrowing capacity for two years. This week figures to be less dramatic with a relatively thin amount of economic news ahead of another key meeting of the Federal Reserve in eight days. On Sunday, in another move that helps in the battle of inflation and may play a role in the Fed’s thinking, the OPEC oil-producing nations agreed to keep in place their production cuts while influential member Saudi Arabia said it would cut output by a million barrels a day for one month in July. That should keep a lid ... (full story)
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