Jason Katz, UBS managing director and senior portfolio manager, describes all the factors weighing on investor activity following the passage of the Democrats' social spending and taxation bill.
UBS Managing Director and Senior Portfolio Manager Jason Katz explains investors want to see that inflation is moderating, that earnings will continue to be"less bad" and that the Fed won't be overly aggressive with rate hikes.markets weren’t tumbling on Monday
after the Senate passed the Democrats' social spending and taxation bill following a marathon "vote-a-rama" session that lasted more than 15 hours. The passage of the bill is the culmination of more than a year of intra-party negotiations among Democrats trying to pass a party-line bill. They used a process called budget reconciliation, which allows them to get around the Senate filibuster, to move forward.
Despite the bill’s passage, which includes more than $400 billion in spending and more than $700 billion in taxes," on Monday, Katz argued that he believes markets are "really absorbing the job numbers in terms of how the Fed may react to it," calling it "really good news." He also noted that, while the runway for a soft landing may have shortened, "a crash landing is probably avoidable.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Senate parliamentarian OKs most of Dems' drug price controlsThe Senate parliamentarian narrowed Democrats' plan for curbing drug prices but left it largely intact Saturday, Democrats said, as party leaders prepared to start moving their sprawling economic bill through the chamber.
Baca lebih lajut »
Dems' climate, energy, tax bill clears initial Senate hurdleWASHINGTON (AP) — A divided Senate voted Saturday to start debating Democrats’ election-year economic bill, boosting the sprawling collection of President Joe Biden’s priorities on climate, energy, health and taxes past its initial test as it starts moving through Congress.
Baca lebih lajut »
Harris, Dems push climate, energy, tax bill through initial Senate hurdle in 51-50 voteThe House, where Democrats have a slender majority, could give it final approval next Friday when lawmakers plan to return to Washington.
Baca lebih lajut »
Senate debates Dems' social spending and tax bill before marathon vote-a-rama: LIVE UPDATESSenate Republicans are promising a vote-a-rama 'hell' for Democrats, who are advancing a social spending and taxation bill with the support of moderate Sens. Joe Manchin and Kyrsten Sinema.
Baca lebih lajut »
Dems' Climate, Energy, Tax Bill Clears Initial Senate HurdleA divided Senate has voted to start debating Democrats’ election-year economic bill. The sprawling measure contains many of President Joe Biden’s climate, energy, health and tax goals. United Democrats pushed the 755-page measure through the Senate on a party-line vote. That was a preview of votes on what was expected to be a mountain of amendments, mostly from Republicans trying to derail the legislation. The package is a dwindled version of earlier multitrillion-dollar bills from Biden that Democrats failed to advance. The measure has become a partisan battleground over inflation, gasoline prices and other issues that polls show are driving voters.
Baca lebih lajut »
Dems' climate, energy, tax bill clears initial Senate hurdleThe Senate's nonpartisan rules arbiter has dealt a blow to Democrats’ plan for curbing drug prices.
Baca lebih lajut »