Debt deal is doable

Published: May 17, 2023, 8:36 p.m.

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Thursday 18th may 2023


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Markets have chosen to be optimistic over the US debt ceiling today, with US House Speaker Kevin McCarthy, saying a compromise was \\u201cdoable\\u201d, maybe as soon as this week. And, as NAB\\u2019s Rodrigo Catril points out, Joe Biden is also positive, and the negotiating team has been reduced in size to nut out a solution. Japan\\u2019s GDP surprised on the upside yesterday and Australian wage growth came in as expected, but there\\u2019s still potential for them to rise further. Australia\\u2019s employment numbers are out this morning. All are discussed in today\\u2019s podcast.



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