The 'hard yards' are underway in the debt limit negotiations. If there is a downside, PCE inflation is hovering around the +5% pa mark and not retreating much yet. Rising economic activity however is making the US trade balance higher as it raises the demand for all goods including imported goods. Their key 2-10 yield curve is more inverted at -80 bps which is more than the -59 bps a week ago. The bitcoin price is a little higher today, now at US$26,775 and up +1.6% from yesterday.
Source: Stuff May 27, 2023 00:36 UTC