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A Reuters explainer examines how a US debt ceiling default could affect ordinary Americans. It notes that halted government payments would affect programs that fund about a quarter of the economy.
Observers expect political dysfunction over the crisis to erode trust in America.
A debt-ceiling default would mainly affect the macro backdrop and dollar sentiment, with limited direct effect on agricultural commodity prices.
reuters.comJason LangeMay 30, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
