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Blackrock: the market may think that the slowdown in US employment growth in August is temporary.
Jeffrey Rosenberg, a senior portfolio manager at Blackrock's systemic fixed income fund, said investors may see the weak August employment data as an anomaly caused by the Delta epidemic during the sustained recovery of the US economy. "the market is studying this data and thinks it is temporary," Rosenberg said in an interview with Bloomberg Television Surveillance shortly after the jobs report was released. "We talked about temporary inflation. Here we will talk about the temporary effects of the Delta strain, at least in terms of market reaction.
Fed QE important signal: portfolio size will increase to a peak of $9 trillion in 2023
Original title: Fed QE important signal: portfolio size will increase to a peak of $9 trillion in 2023 the New York Fed said in its annual report on the open market account (SOMA) released on Monday that the SOMA portfolio is likely to expand with continued asset purchases, reaching $9 trillion by 2023, accounting for 39% of US GDP. The benchmark forecast largely reflects the expectations of market participants and is based on the results of surveys of primary dealers and market participants. After that, as the FOMC monetary policy position normalizes, the evolution path of the portfolio will depend on the policy choice. The New York Fed is anticipating
Warren proposes nearly tripling the IRS budget to crack down on tax evasion by the rich
Us Senator Elizabeth Warren unveiled a bill on Monday proposing to nearly triple the IRS (IRS) 's annual mandatory budget to $31.5 billion from the $11.9 billion approved by Congress this fiscal year to help the agency step up enforcement and crack down on tax evasion by the rich. Warren's proposal would propose that the agency's funds be removed from the annual funding process so that the amount does not change as a result of the whims of Congress year after year. "strengthening the IRS's ability to crack down on wealthy tax fraudsters requires not only more money, but also more stable money," Warren said. Mandatory funding will be made on a sustained basis
Fed Daly: inflationary pressure may ease in 2022
Mary Daly, president of the Federal Reserve Bank of San Francisco, said the factors driving up US inflation could begin to fade in early 2022. "the impact of these temporary factors is likely to last until the end of the year," Daly said on Friday. "it will fade at the beginning of next year. It is hard to say how many factors will disappear, or whether there will be other bottlenecks as the economy begins to recover and recover. " Daly, which has the right to vote on policy this year, said inflation was expected to remain high throughout the year, with a lot of upward pressure on prices, including shipping and semiconductor supply chain bottlenecks and base effects.
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