The Risk Of A Debt Ceiling Disaster

Few nations have a debt ceiling similar to the United States, giving us no other countries to look to as a guide on the impacts of a debt ceiling-driven crisis, notes Jeffrey Kleintop. He talks about how the S&P 500 and Nasdaq are up on NVDA earnings and debt ceiling developments. He gauges the risk of a debt ceiling disaster and monitors U.S. inflation trends. He then goes over what inflation trends could mean for the Federal Reserve meeting. He also mentions how inflation remains the other big issue looming over the markets. In Europe, the good news is that the latest PMI data for May shows inflation may continue to decline. Tune in to find out more about the stock market today.