21st May 2021

  • U.S. Floats 15% Global Minimum Tax on Corporate Profits

International negotiators targeting mid-2021 agreement

Biden has pitched 21% rate for global income tax on U.S. firms

https://blinks.bloomberg.com/news/stories/QTFRQYT1UM0Z

  • Fed Reverse Repo Facility Use Surges in Cash-Flush Market

Participation rose by $57 billion to $351.1 billion Thursday

Supply, demand imbalance keep front-end rates pinned at zero

https://blinks.bloomberg.com/news/stories/QTF9TFT0AFB7

  • Great Commodities Boom of 2021 Hits Pause Amid Wider Selloff

Rally stalls on inflation worries, China’s price warning

But more stimulus details, poor weather could reignite gains

https://blinks.bloomberg.com/news/stories/QTFIY9T0G1KX

  • Powell Seeks Input as Fed Digs Deeper Into Digital Currencies

Fed to play leading role in developing international standards

Key focus is on how CBDC can improve an already safe system

https://blinks.bloomberg.com/news/stories/QTF55GT0AFB6

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