878 days ago
Reconciliation legislation will be delayed by a few weeks as the House won't get the bill out before the end of November, and the Senate will likely make revisions before the bill heads over to the White House.
882 days ago
The Fed showed resilience in the face of our current economic situation, deciding to slow down bond purchase, leaving eventual interest rates hikes aside, and seeing inflation as transitory. They noted that they would not hesitate to use their tools if the situation were to change. Source: Fed, FT
883 days ago
Private businesses in the US hired 571K workers in October, compared with a 523K increase in September and comfortably above market expectations of 400K. It was the fastest pace of job creation since June, as demand for labor continued to recover and as the summer wave of COVID-19 infections subsided.
883 days ago
As we're seeing a small decline in the difference between the two yields, we can see that a rates hike is expected and that the long-term growth confidence might be decreasing in the markets. Source: Bloomberg, Flowbank
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888 days ago
Despite a disappointing third-quarter gross domestic product, U.S. real yield rose, while German real yield saw its biggest daily drop in 8 months this week for a record low at -2.13%. Source: Flowbank, Bloomberg
