31
Mar
Federal debt, limited to $20 trillion, will hit 150% of GDP
Budgetary deficit and debt set to increase. The rise in inflation and rates will continue. Positive prospects for the dollar. The increase in profits is propping up the S&P 500.
Key points
- The US treasury is adopting measures to remain below the US $20 trillion debt threshold
- The CBO estimates that US public debt will double, from 77% to 150% of GDP
- The US’ solvency is not being called into question
- Growth in the United States is set to slightly pick up the pace
- What economic policy will really be put in place?
- It is too soon to fear the dangers of protectionism
- Rise in interest and inflation rates
- Normalisation of United States monetary policy is favouring the US dollar
- Positive prospects for the S&P 500
