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Breaking: JP Morgan Warns Of Major Market Crash If Debt Talks Go Wrong

source-logo  coingape.com  + 2 more 22 May 2023 18:22, UTC

President Joe Biden and top Republican Kevin McCarthy are set to restart discussions on the debt ceiling deal as the possibility of a United States default becomes increasingly imminent. This alarming situation poses a significant threat to global financial markets, but so far, the US stock market and the broader crypto sector have remained relatively unaffected. However, a new analysis from JPMorgan warns that the lack of market movement could indicate a potential surge in volatility as the default deadline approaches.

coingape.com

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