3rd February 2021

  • Fed Dissent and Bond Volatility Are in Powell’s Taper Future

Powell squelches talk of asset purchase shift any time soon

Debate may resurface if jobs come back as fast as some expect

https://blinks.bloomberg.com/news/stories/QNNV8GDWRGG1

  • U.S. INSIGHT: Phantom Stimulus Arrives as Wealth Effect Surges

https://blinks.bloomberg.com/news/stories/QNWE65T1UM1A

  • Senate Democrats Move to Put Biden Stimulus Plan on Fast Track

Process would require only simple majority to pass aid package

Republicans accuse Democrats of forgoing bipartisan path

https://blinks.bloomberg.com/news/stories/QNX4C3DWRGG3

  • Oil Buoyant Near $55 as Falling Stockpiles Add Impetus to Rally

OPEC+ expects oil surplus to be drained by middle of the year

WTI futures climb 0.4% after closing 2.3% higher on Tuesday

https://blinks.bloomberg.com/news/stories/QNXV3SDWLU6G

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