US: Funding Measures Include Raising The Corporate Tax Rate To 28%
Markets Minutes of the previous FOMC meeting showed that participants think that it would likely be some time until substantial further progress toward the committee’s maximum-employment and price-stability goals would be realised and that, consistent with the committee’s outcome-based guidance,...
Fed Upbeat on Recovery, while Pledged to Maintain Stimulus Until Substantial Progress is Seen On Economy
The FOMC minutes for the March meeting revealed that members turned more optimistic over the economic outlook. They were more hopeful of continuous improvement in light of the “significant declines in the number of new [coronavirus] cases, hospitalizations, and deaths...
Market Morning Briefing: Aussie Is Likely To Trade Within 0.7550-0.77 In The Near Term
STOCKS Dow remains stable below 33500 and has to fall below 33000 in order to strengthen the case of seeing the fall to 32000-31000 that we have been expecting. DAX seems to lack momentum and can come under pressure if...
Euro Making Progress as Focus Turns to ECB Accounts
Markets are generally mixed as FOMC minutes overnight delivered basically what have be told. Asian stocks are mixed, following the US session. Gold and oil are both stuck in range. In the currency markets, Euro and Swiss Franc are paring...
Op-ed: Boost to tech stocks will not last, and more pain is ahead
Investors should be able to take advantage of bullish momentum in tech stocks for at least the next couple of months. In my last post on the subject on Feb. 4, the takeaway was “tech’s reign of relative dominance has...
U.S. confident vast majority of developed nations will agree to global minimum tax, Treasury deputy says
Adewale Adeyemo, Treasury Secretary Janet Yellen’s deputy, on Wednesday said increasing the U.S. corporate tax rate to 28% will not make American companies less competitive, because the Biden administration is confident it can win the support of developed nations to...
Fed’s Brainard says the economy is improving but is still ‘far from’ where it needs to be
Federal Reserve Governor Lael Brainard said Wednesday that while the U.S. economic outlook has “brightened considerably,” it remains well away from the central bank’s goals. “Brighter outlook, but of course our monetary policy forward guidance is premised on outcomes not...
Fed officials say easy policy will stay in place until economic ‘outcomes’ are achieved
Federal Reserve officials indicated at their last meeting that easy policy will stay in place until it produces stronger employment and inflation, and won’t be adjusted based merely on forecasts. The Federal Open Market Committee on Wednesday released minutes from...
Euro High on Vaccines
European vaccines will soon be on the move! As discussed yesterday in analysis of EUR/GBP, the European Union expects to have a majority of its citizens vaccinated by the end of June, which ideally could lead to heard immunity sooner...
Record Deficit, AstraZeneca, Dimon’s Letter, Cryptos Pullback
US stocks edged higher after a record deficit showed that US consumer and business demand is heating up, prompting investors to continue to buying reopening stocks. Market moves across most asset classes has been somewhat limited ahead of the release...
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