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Debt Ceiling Crisis Averted

by | Oct 9, 2021 | Market Updates

Republicans and Democrats worked together this past week, one of the biggest surprises this whole year, but the market loved it.

In this video Knight talks about Republicans ending the filibuster and allowing the Democrats to raise the debt ceiling until the end of December. This paves the path for the 3.5 trillion dollar infrastructure plan to be passed. The negative news of the week was around the September jobs numbers, which missed dramatically, but wage pressure rose. Raising some concerns around stagflation and what the FED will do about rates in the future.

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