24th August 2021

  • Fed’s Ability to Set Rates Floor Is Weakening on Cash Deluge

Supply-demand imbalances drive money-market rates toward zero

Central bank tweak isn’t a panacea, JPMorgan strategists say

https://blinks.bloomberg.com/news/stories/QYBI52T1UM0X

  • Pelosi Moves to Bypass Democratic Division on Biden Agenda

House could adopt $3.5 trillion budget blueprint Monday night

Moderates, progressives at odds over how to move forward

https://blinks.bloomberg.com/news/stories/QYBS92T0G1KX

  • Oil Steadies After Rally With Delta Continuing to Cloud Outlook

Goldman reiterates impact from virus variant will be transient

WTI futures advance for the first time in 8 sessions on Monday

https://blinks.bloomberg.com/news/stories/QYBVK4T1UM0W

  • Powell’s Charm Offensive in Congress Positions Him to Keep Job

Fed chair, up for renomination, has worked Congress, Treasury

Biden expected to make decision on chair around Labor Day

https://blinks.bloomberg.com/news/stories/QY457MDWLU6J

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