As the U.S. national debt approaches $39 trillion, foreign investors play a key role…. though ownership is concentrated among a few countries.
Data & financial journalist covering global economics and policy
As the U.S. national debt approaches $39 trillion, foreign investors play a key role…. though ownership is concentrated among a few countries.
Interest rate cuts are no longer easy for the Fed. With ongoing Iran conflict and volatile oil markets, it may even consider rate hikes to ensure inflation remains stable.
Oil and gas might not be the only commodities vulnerable to the disruptions in the Strait of Hormuz. Fertilizers are at particular risk, as their supplies get choked at the strait, a critical shipping corridor for a third of the world’s fertilizer shipments.
The U.S. is a net oil exporter but that does not shield it from global economic shocks.