Agreement on an infrastructure stimulus plan in the US
The White House has reached a deal with a bi-partisan group of Senators at the Senate on an infrastructure package including $579bn in new spending.…
Bond yields have rebounded, equities as well and the USD has lost some ground, the EUR/USD exchange rate returning above 1.19… before falling back below this morning. Fed speakers have in general been reassuring about inflation, but their speeches show different opinions. The market seems a bit lost and does not really know what to make of the last Fed meeting.
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