‘Higher Volatility’ Expected with Fed Pullback: Charles Schwab Chief Strategist
All eyes are on the Fed as analyst timelines for the first rate hikes pull forward. Slowing growth can be expected once Fed completes the tapering.
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CBO: Biden Spending Bill Will Add $367B to Deficit, not Counting IRS Tax Enforcement Plan
The CBO and Biden administration disagree on what the IRS tax enforcement plan will generate in revenue.
Democrats Battle CBO Over Whether the Rich Will be Spooked into Tax Compliance
All sides agree that boosting funding for the IRS would be a moneymaker for the government.
JPMorgan Economists Now Predict Fed to Raise Rates in September
JPMorgan Chase & Co. economists said they now expect the U.S. Federal Reserve to raise interest rates next September.
Here’s How Markets Might React If Biden Picks Lael Brainard as Fed Chair
Powell, who has been in the job since 2018, remains the betting-market favorite to continue in role, but odds for Brainard have increased of late.
US Government Could Default ‘As Soon as Mid-December’
US government could default ‘as soon as mid-December’ without action: Analysts.
SPAC Bill Curbing Marketing Advanced by Key U.S. House Panel
A key U.S. House of Representative panel advanced legislation aimed at cracking down on special purpose acquisition companies (SPAC).
