28th May 2021

  • Biden’s Budget Would Raise Annual Spending to $6 Trillion

White House sees inflation staying contained in coming years

Budget request faces substantial reshaping in Congress

https://blinks.bloomberg.com/news/stories/QTSEHST0G1KW

  • Dollar Glut Drives Usage of Fed Reverse Repo Facility to Record

Volume for facility climbed to $485.3 billion on Thursday

Increase comes amid flood of cash into U.S. funding markets

https://blinks.bloomberg.com/news/stories/QTS0H4T1UM0W

  • Yellen Gets Specific on Inflation, Saying Will Last Through 2021

GOP lawmakers question effect of Biden policies on prices

Budget proposal to show interest rates eventually rising

https://blinks.bloomberg.com/news/stories/QTRXVHT0AFB9

  • Wall Street Pros Are as Baffled as Anyone by Dollar’s Fate

Goldman sees 2002-2007 deja vu of deficit-driven weakness

Rising imports shouldn’t fuel currency drop: Morgan Stanley

https://blinks.bloomberg.com/news/stories/QTS9F5T1UM0W

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