Greetings,
United States: The fiscal package proposed by President-elect Biden is almost as big as the CARES Act.
A new stimulus program of this size will turbo-charge economic growth and take the US to “full employment” by the fall of 2022, according to Moody’s Analytics.
Eurozone: Italy’s Conte is trying to hold on to power without a majority.
Japan: JGBs dropped on a Reuters story suggesting the BoJ may let yields rise a bit.
Commodities: According to Goldman, “redistributional” government policies point to further gains in commodity prices.
Rates: Here is the FOMC dove-hawk spectrum.
Food For Thought: Companies advancing racial equality:
Edited by Devon Lall
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