CBO estimates USD December Budget deficit at USD 143bln
Newsquawk Staff ·
CBO estimates USD December Budget deficit at USD 143bln.
What it means
The estimate of a USD 143 billion budget deficit for December has implications for USD liquidity and policy considerations. A larger-than-expected deficit can reinforce concerns about fiscal stability, potentially influencing interest rates and dieters’ sentiment across currencies. Keep an eye on how this might affect U.S. Treasury yields and risk appetite, especially against other major currencies like the EUR and JPY.
Sources
- US Midterms Cheat Sheet for Traders
- Newsquawk US Market Wrap - Stocks mixed on AI rebound ahead of US midterms
- Eight tankers carrying 300,800 tonnes of Russian diesel are being monitored on potential voyages to the US, with seven declaring the US as their destination and arrivals expected from November 7th, according to Ukrainian sources cited by an RFE journalist
- Israel has shared intelligence with the US asserting that Iran is considering the use of chemical weapons against its adversaries, information met with alarm by some American officials and deep skepticism by others, NYT reports citing sources
- Israeli PM Netanyahu was reportedly the one who proposed to US President Trump the ending of financial aid to Israel, N13 reports citing sources
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