As Powell speaks, negative headlines emerge about the debt ceiling talks.
Punchbowls Sherman says:
- Debt limit talks between the White House and House Republicans have been suspended
- Not a single problem, but several issues proved to be problematic
Political position or real problems?
No follow-up discussion is planned.
The comments seem to have more impact than Fed Powell’s comments.
- The Dow Industrial Average is now down -108 points.
- The S&P is down -9 points and the
- The NASDAQ index is down -34 points
- Gold is lower.
- The dollar is lower
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