While speaking at an event organized by the United States Chamber of Commerce, the United States Secretary of the Treasury, Janet Yellen, said the Biden administration’s tax and investment plans will improve the net profitability of US corporations, Reuters reported.
“US President Joe Biden’s Tax and Investment Plans Will Improve Global Competitiveness of US Businesses“Yellen added.” The Biden administration will fight for a level playing field in trade and investment. “
Market reaction
These comments do not appear to have a noticeable impact on market sentiment. At time of writing, S&P 500 futures are up 0.2%
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