Mr. Biden’s inauguration as president marks a return to normalcy
On his first day as president, Mr. Biden signed a series of executive orders unwinding the most controversial aspects of the previous administration’s policy. Financial…
Inflation expectations continue to decline and the US 10y bond yields is back below 1.6%. Reassuring comments from Fed members yesterday about the transitory nature of inflationary tensions reinforced the trend and fueled risk appetite. US consumers may express more concerns through the Conference Board survey that will be released today, while the IFO survey should confirm optimism about the recovery reigns in Germany today. The EUR/USD exchange rate is on the rise, well above 1.22 now.
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