Bloomberg Law
May 26, 2023, 11:30 AM

CREDIT DAYBOOK AMERICAS: Debt-Ceiling Deal Nears; Inflation Data

Allison Nicole Smith
Olivia Raimonde
Olivia Raimonde
Bloomberg News

Republican and White House negotiators are moving closer to an agreement to raise the debt limit and cap federal spending for two years. A measure of inflation will likely present a “clear-cut case” for another interest rate hike at the next FOMC meeting, according to Bloomberg Economics.

  • The spread on the Markit CDX North American Investment Grade Index, which declines as credit risk drops, tightened 0.47 basis points to 76.8 as of 7:21 a.m. New York time
  • The two sides of the debt ceiling impasse have narrowed differences in talks over recent days, according to the people, ...

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