Debt deal is doable

NAB Morning Call · May 17, 2023 · 16m

Thursday 18th may 2023NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABMarkets have chosen to be optimistic over the US debt ceiling today, with US House Speaker Kevin McCarthy, saying a compromise was “doable”, maybe as soon as this week. And, as NAB’s Rodrigo Catril points out, Joe Biden is also positive, and the negotiating team has been reduced in size to nut out a solution. Japan’s GDP surprised on the upside yesterday and Australian wage growth came in as expected, but there’s still potential for them to rise further. Australia’s employment…