Rubrics Morning Comment 19.05.21 – Rubrics – Asset Management

19th May 2021

Yellen Gets Cool Reception From Business on Infrastructure Plea

U.S. Chamber says proposed tax hikes would hurt firms, workers

Treasury secretary asked for companies to support Biden’s plan

https://blinks.bloomberg.com/news/stories/QTBKS1T0AFB7

Summers Says Central Banks Currying Favor With Climate Focus

Fed courts ‘dangerous complacency’ with zero-rate projections

Repeats warnings that Fed policy risks higher U.S. inflation

https://blinks.bloomberg.com/news/stories/QTBE7YT0G1M5

U.S. Housing Starts Trail Estimate, Hinting at Supply Chain Woes

Residential starts fell 9.5% in April, missing most estimates

Single-family construction dropped 13.4% as backlogs mounted

https://blinks.bloomberg.com/news/stories/QTAZRGT1UM0X

Oil Slips Amid Prospects of Progress on Iran Nuclear Deal Talks

Russian envoy said progress has been made, but issues remain

U.S. crude stockpiles rose by 620,000 barrels last week: API

https://blinks.bloomberg.com/news/stories/QTBLOXT0G1KY

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