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Trump’s shock debt ceiling deal with Democrats could affect Fed policy in unexpected ways

Donald Trump surprised political observers by caving nearly immediately to Democratic leadership on US debt ceiling negotiations, thoroughly undermining the slick deal-making persona the president tried to play up as a candidate. Yet the deal has implications for Federal Reserve policy, as noted by Paul Ashworth of Capital Economics in his latest research piece. That’s because the Fed is expected to consider an additional interest rate increase at its December meeting, just as the new three-month-delayed debt ceiling deadline comes due.
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