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U.S. Debt Ceiling: Watching and Waiting (Barclays)

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Posted By: The Corner 14th October 2013

After talks between House Republicans and the White House broke down, Senate leaders took over negotiations, although there are no sign of progress yet. The Republicans’ shift in focus from the Affordable Care Act to longer-term budgetary issues increases the likelihood of a short-term compromise to avoid a debt ceiling breach, in our view.

Our US economists think that continued indecisiveness in Washington and a dearth of data releases could raise the likelihood of the Fed delaying the decision to taper until 2014 (our baseline assumes a December tapering), keeping downward pressure on the USD

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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.

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