Debt Ceiling Passes the US House of Representatives.

The US House of Representatives approved legislation to limit the debt, crafted by President Joe Biden and House Speaker Kevin McCarthy, that would impose restrictions on government spending during the 2024 elections and avoid default in the unstable United States. Lawmakers from both parties joined in approving the bill with a vote of 314-117 on

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What is US CPI and why investors await this data release?

The United States Consumer Price Index (US CPI) is an index that is used to measure inflation by tracking changes in prices paid by consumers for a basket of goods and services in the United States. CPI adjustments reflect economic price changes. When the CPI rises, it indicates that the average price change over time

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