Trump has ‘instructed White House negotiators to forget about a second bailout’ before the election, a report via Bloomberg says. He also stated that ‘House Speaker, Nancy Pelosi is not negotiating in good faith,”
This followed a statement by Jerome Powell, Fed Reserve Chairman that “without funding, the economy will be in deep trouble”.
A remarkably interesting development from two key players in the US economy and how did the markets react? Here's a snapshot
- Risk aversion took over, adding strength to the USD
- US Indexes switched to red
- Treasury yields slipped from multi-week high.
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