A new round of talks between the White House and Republicans to raise the debt ceiling ended yesterday with no sign of progress.
White House and Congressional negotiators are due to meet later in the day, after previous talks failed to yield an agreement on the debt ceiling.
Despite her statements yesterday, in which she hoped that the world economy would not have to wait until the last minute to find a solution to the US debt ceiling crisis, the director of the International Monetary Fund, Kristalina Georgieva, confirmed on Wednesday that she was confident that the United States would avoid the default.
History tells us that the United States will struggle with the idea of ​​default … but they come up with a solution at the last minute, and I’m confident we’ll revisit that,” Georgieva said.
On the other hand, markets are awaiting the publication of the minutes of the last meeting of the US Federal Reserve on Wednesday, to monitor the view of policymakers on the outlook for the economy and monetary policy.
Market movements
The Dow Jones Industrial Average fell 198.99 points, or 0.60%, to 32,856.52 points at 2:20 p.m. GMT.
The Standard & Poor’s 500 index fell 28.48 points, or 0.69%, to 4,116.61 points.
The Nasdaq Composite Index fell 94.36 points, or 0.76%, to 12,466.55 points.
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