US Fiscal Credibility in Focus as Election Draws Near
by AIB Treasury Economic Research Unit
- It was a relatively quiet week in the markets, with activity across the main asset classes remaining muted.
- This week, the independent Congressional Budget Office published its annual forecasts for the US federal balance and debt up to 2034.
- Under both recent US administrations the deficit has ballooned due to a confluence of policy and external factors.
- On the main currency markets, the price action over the past week has been subdued.
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