Treasury’s Tapering Seen Outpacing Fed, With $1 Trillion in Cuts
The Federal Reserve won’t be the only one announcing a taper. The Treasury Department will likely unveil a scaling down of longer-term securities.
The Federal Reserve won’t be the only one announcing a taper. The Treasury Department will likely unveil a scaling down of longer-term securities.
Commentary from Fed officials over last few weeks have pointed to an announcement on Nov. 3 that the central bank will slow its quantitative easing.
A Republican from Georgia, bought shares of DWAC on Friday.
On Thursday, Pres. Biden will meet with lawmakers and urge them to support both the Build Back Better plan and the bipartisan infrastructure package.
Leading Democratic senators unveiled legislation on Tuesday to impose a 15% minimum tax on the most profitable U.S. corporations.
The proposal would require roughly 700 U.S. billionaires to pay taxes annually when their stocks and some other assets increase in value.
At the end of the day, if the Fed is priming markets for a taper in the fourth quarter of 2021, we could be in for a period of extended volatility.