The United States Secretary of the Treasury, Janet Yellen, offered some comfort to the market late on Tuesday after it announced an extension of the deadline for a possible default of the US government until December 15 from December 3. Term extended would give Congress more time to raise the federal debt ceiling. Yellen told […]
Tag: Tax Policy
A vote will be held on Biden’s “Rebuild Better” Bill to pass no later than Friday – Steny Hoyer
House Majority Leader Steny Hoyer said Tuesday that a vote would be held on the Biden administration’s $ 1.75 trillion “Rebuild Better” social spending bill no later than Friday. While it is likely to pass in the House, the bill’s fate in the Senate is much less certain. Democrats only have a majority of one […]
Yellen says inflation pressures will normalize in the second half of next year
In two different interviews with CNN and CNBC News on Friday, the United States Secretary of the Treasury, Janet Yellen, has touched on various topics, including rising inflation, supply chain crisis, economic recovery and the infrastructure spending bill. Featured Comments Price increases are expected to normalize in the second half of next year. She is […]
The world faces much worse fiscal problems than the covid
In its latest policy document, the Organization for Economic Cooperation and Development (OECD) warned that the world is likely to face enormous fiscal difficulties in the coming decades, worse than the bulky public debt seen during the Covid-19 pandemic. Featured Comments “According to your long-term scenario, a slowdown in large emerging economies, demographic change and […]
Yellen urges once again to raise the debt limit to avoid a ‘catastrophe’
The United States Secretary of the Treasury, Janet Yellen, renewed his lcall for Congress to raise or suspend the debt ceiling sometime in OctoberBloomberg reported, citing his editorial opinion piece in the Wall Street Journal (WSJ). Featured statements “The overwhelming consensus among economists and Treasury officials from both parties is that Failure to raise the […]
Dollar recovers after fall, focus on durable goods orders and Fed speculation
This is what you need to know to trade today Wednesday, August 25: Markets have cooled earlier on Wednesday after another joyous day on Tuesday. Investors are happy with the progress of an infrastructure spending bill, durable goods order data for July, and news on the covid. The Fed refrains from giving clues about tapering. […]
Dollar remains in demand amid COVID concerns, focus on vote on US infrastructure program
This is what you need to know to operate today Tuesday, August 10: Asian stocks followed slow Wall Street performance overnight, undermined by prospects for stimulus withdrawal and the resurgence of the Delta variant in the region. Market mood remains subdued on Tuesday, while the US dollar remains stable at three-week highs, helped by optimistic […]
Gold stabilizes after sudden drop, dollar pauses after NFP
This is what you need to know to trade today Monday, August 9: Market sentiment remains tepid amid commodity sales and concerns about Chinese economic growth, despite the country’s rebound in inflation. Asian stocks erased the losses of the first hours and have stabilized as both gold and oil prices attempt a rebound. The price […]
USD / CAD rises to multi-day highs and approaches 1.2350
USD / CAD regains positive traction on Monday supported by a combination of factors. The decline in oil prices weighs on the CAD and supports the pair’s upward move amid modest USD strength. A sustained move above the 1.2340 area could set the stage for a further bullish move. The pair USD / CAD has […]
The G20 will approve the OECD agreement on the global minimum corporate tax
G20 finance leaders are expected to approve a potential OECD deal on the global minimum corporate tax in JulyReuters reported, citing the draft draft. Key quotes from the draft “After many years of discussions and based on the progress made last year, we have reached a historic agreement on a new, fair and stable international […]