Posted 10/6/2023, 10:13:00 PM
Markets Uneasy as Debt Ceiling Showdown Looms; GM Strike May End with EV Battery Deal
- Markets wobble amid leadership vacuum in House after McCarthy's ouster as Speaker
- Dow down 50 points on week, 1,000 on month due to uncertainty over government shutdown
- Treasury yields at highest level since 2007 reflecting malaise over debt limit standoffs
- Markets resisting recession but policymakers struggling to lower inflation without downturn
- GM to put EV battery manufacturing under UAW agreement, potentially ending strike
