After months in and out of the headlines, the issues surrounding the debt ceiling have come into sharp focus, as the U.S. could become unable to pay its bills as soon as June 1.
The repercussions of inflation, Fed rate hikes, the ongoing banking crisis, and the approaching debt ceiling deadline are being felt throughout the financial system.
The federal debt limit is once again in the news as the country rapidly approaches a critical deadline on June 1 (seems like Déjà vu every year or so).
The U.S. dollar has been in the headlines due to an anticipated pause in Fed policy and concerns over the currency's place in the global financial system.
The stock market had a mixed showing this week. The major indices all registered gains compared to last week's closing levels, but concerns about inflation and Fed policy kept a limit on index performance.
There is an old saying that happiness equals reality minus expectations. This is particularly relevant when it comes to financial planning and investing during times of great uncertainty.
Debt Ceiling Brief