‘Next waves coming’: Inflation tops fear list again for investors
Washington’s deal on borrowing is a rare jolt of good news in a difficult year. But evidence that the dreaded i-word is simply not backing down is everywhere.
And relax. After months of performative wrangling, the showboats of US politics have finally agreed to give the country more leeway in borrowing, a move that extinguishes the risk of a potentially cataclysmic default on its government bonds.
Averting a disaster in the world’s core so-called risk-free asset, this is a victory for common sense.
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Financial Times
Katie Martin is the Financial Times' capital markets editor.
