Stimulus spat adds to dark winter woes

0
13
views

Global stocks are set to end the week on a downer, as Treasury Secretary Steven Mnuchin and Fed Chair Jerome Powell engage in a public disagreement over how US stimulus funds should be deployed.  Mnuchin had asked for the yet-unused US$455 billion from the Fed’s emergency pandemic lending programme to be returned and injected into the US economy; a proposal that was met with swift rejection by the Fed.

Such frosty exchanges between the US fiscal and monetary sides being exposed to the public arena only further erodes the already-fragile market sentiment, prompting investors to adopt a… Read More:

For all Articles related to FXTM please click here

OPEN AN ACCOUNT WITH FXTM