US Economy

US Economy

Congress running out of time to pass fiscal stimulus as holiday season approaches

Congress faces a rapidly approaching deadline to pass a new round of funding for the U.S.

US Economy

Trump vs Biden: Fiscal policy is on the ballot

The marquee event of the 2020 schedule is around the corner. From a market perspective, the upcoming Nov 3 US election and aftermath are assuming increased importance.

US Economy

Pelosi plays hard ball with 48-Hour fiscal stimulus deadline as Trump ponders larger package

Nancy Pelosi set a Tuesday deadline for more progress with the White House on a fiscal stimulus deal before the Nov.

US Economy

Goldman says to short US dollar on rising likelihood of Biden win

The dollar may tumble to its lows of 2018 on the rising likelihood of Joe Biden winning the U.S. election and progress on a coronavirus vaccine, according to Goldman Sachs Group Inc.

US Economy

Trump ends stimulus talks, spurning Powell and roiling markets

President Donald Trump ended talks with Democratic leaders on a new stimulus package, hours after Federal Reserve Chair Jerome Powell’s strongest call yet for greater spending to avoid damaging the

US Economy

Around the curve: Dollar outlook dims

So far, this has been a volatile year for financial markets, and the currency markets have been no exception.

US Economy

Trump-Biden election debate kick off amid investors' concerns on prolonged uncertainty following Trump's refusal to commit to election outcome

Republican President Donald Trump and Democratic rival Joe Biden sparred on stage for the first time on Tuesday in a pivotal debate ahead of the Nov.3 US presidential election.

US Economy

Fed decision leaves forex market set for dollar short squeeze

The lack of a killer dovish catalyst from the latest Federal Reserve meeting triggered a near-term rally in the dollar as sizable short positions in the under-pressure currency were unwound.

US Economy

Fed sees rates near zero through 2023 to boost jobs, inflation

Federal Reserve officials held interest rates near zero and signalled they would stay there for at least three years, vowing to delay tightening until the US gets back to maximum employment and 2%

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