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Whether the debt ceiling crisis pushes borrowing costs down or makes them spike depends on how the standoff unfolds, and how markets react.

Economists project a US default could trigger a recession, with widespread job losses and a surge in borrowing costs.

The tension around the U.S. debt-limit negotiations ratcheted up after Fitch Ratings warned the nation’s AAA rating was under threat from a political standoff that’s preventing a deal.

Wall Street predicts turbulent first six months but growing optimism at ebbing inflation, slowing pace of rate hikes and China’s reopening

As 2023 approaches, a recession seems inevitable. Central banks have stopped talking about a ‘soft landing' and the UK seems to be the first major market to accept that it has already entered a downturn, Elliot Gulliver-Needham writes...