The Exchange: Fed Edition 6/14/23
The Exchange
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The Fed's Reverse Repo Rate Could Be Higher Than Investors Expect
S&P up about 2.5% now to sit at its highest level since April of 2022, since President Biden signed the debt limit bill. But not even two weeks after that signing, the U.S. is now facing the risk of a government shutdown in October. House Speaker McCarthy agreed to push through spending cuts in an effort to tamp down a revolt among more conservative members of his party.
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