Author: Fahad_Malik

The U.S. president Joe Biden and House Republican Speaker are set to resume talks on Debt Ceiling on Monday after both had a phone call on Sunday to discuss the issue The United States president who was attending the G7 summit said in a press conference that he and McCarthy will resume talks on the U.S. debt ceiling on monday. The press briefing was conducted in Hiroshima, Japan on the final day of the G7 summit. The press conference came after president Joe Biden had a call with Kevin McCarthy, who is worried about the debt ceiling limit. During the…

Federal chairman Jerome Powell signals a rate pause in the June meet, says that the fed can afford to watch data The federal chairman Jerome Powell signalled that he is inclined to a rate pause in the June meet as they have come a long way in tightening the monetary policy. Powell said that having come this far, they can afford to take a pause and assess the economic outlook and data. The press conference conducted at Washington DC. gave hopes to investors that a rate pause is likely on the table. However, if new data on consumer spending is…

House Speaker Kevin McCarthy says that a vote to raise or suspend the U.S. debt ceiling could be next week U.S. House Speaker Kevin McCarthy is optimistic that a bipartisan vote on the U.S. debt ceiling could take place next week. McCarthy also told reporters that he can see a path through which the issue can be resolved. The Republican House Speaker said that they seem to be in a much better position now as compared to what they were in a week ago. The remarks made by Kevin McCarthy who was seriously concerned about the U.S. debt ceiling sent…