The Trader 

Market Outlook: 'It’s beyond consideration'

The Trader

At his regular semi-annual testimony before Congress, Federal Reserve Chairman Jerome Powell noted: "The idea that the US would not honour all of its obligations and pay them when due is something that can’t even be considered." The comments come ahead of the now regular routine of the government reaching its debt ceiling and re-negotiating its level higher – something that might happen on the 2 March, worrying the current holders of the $22 trillion of government paper outstanding.

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