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Old 13-03-2021, 10:10
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KostiaFM KostiaFM is offline
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Default Re: Daily Economic news by ForexMart

March 12. Biden signs incentive package act

US President Joe Biden signed into law a $1.9 trillion stimulus package a day earlier than expected. The economic stimulus provides direct one-time payments of $1,400 for most Americans, as well as tax breaks for millions of families.

The Democratic Party is now planning a two-week campaign to keep voters' memory of this decision until the next election. By signing the bill, Biden promised that the money would help rebuild America's economy and support workers and the middle class.

Also, the new head of the White House said that he intends to speed up the process of national vaccination and return to normal life by the 4th of July holiday. Such statements have strengthened confidence in the recovery of the US economy this year, which has led to higher yields on the dollar and US bonds.

In particular, the yield on benchmark 10-year bonds returned to 1.61%, the highest since February last year. The dollar index rose 0.6% to 91.93.
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