The US will soon reach the ceiling of how much it can borrow, as it has many times in the past. Congress and the President have not come to any agreed upon resolution about raising the debt ceiling. In response to this uncertainty, stocks and bonds have been fallen in May. What does all this mean for investors, and what is the likely outcome?

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The US debt is near the ceiling of what it is allowed to borrow. Since the US budget spends more than it receives in revenue, the ceiling needs to be raised or the US may default on payments. Political parties cannot seem to find common ground to get this done and the markets recently have been volatile because of it. This month’s issue of “On The Mark” discusses what may happen and what investors should do.

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The Fed met earlier last week and raised interest rates in their ongoing fight against inflation. The April employment report came out Friday and was stronger than most expected. JP Morgan, one of the Portfolio Strategists we utilize for client accounts, wrote the following regarding these items and the impact on the economy today in their weekly market recap…

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