Wall Street’s Early Read Places Debt-Cap Deadline in Mid-2025
Wall Street is already trying to handicap how long the US government has until it exhausts its borrowing authority once the debt ceiling returns in early 2025, with early forecasts focused mainly on July or August. Of course, the immediate concern centers on Congress’s need to skirt a potential government shutdown at the end of this month. […]
London Mayor Plans to Pedestrianize Busy Oxford Street
A past effort failed, but Sadiq Khan says he has the backing of the new Labour government. The Mayor of London has proposed closing Oxford Street off to traffic in a bid to boost the capital’s prime shopping destination, despite a previous failed attempt and likely opposition. The new Labour government has backed Sadiq Khan’s […]
Fed Ready to Unshackle US Economy With Soft Landing at Stake
The central bank’s first interest-rate cut is widely expected on Wednesday, but investors are more focused on what will happen immediately after the announcement. The Federal Reserve will begin a crucial pivot this week, lowering interest rates for the first time in more than four years as it pursues a rare soft landing for the […]
