In a look at news making headlines, Fed voting issues, stimulus packages, and ECB policy are the focus. Here are the monetary policy developments:
- Shelton’s time is running out in attempts to win confirmation to the Federal Reserve Board in the face of voting obstacles brought by the pandemic and political calendar.
- A whole range of U.S. pandemic aid programs will expire in the New Year, threatening to hold back gains made in economic recovery.
- European Central Bank policymakers are persuading investors to look not at the next monetary stimulus’s size but its design.
- U.K. Prime Minister Boris Johnson announced a $15.9 billion plan to boost green industries and tackle climate change, as he hopes the blueprint will support up to 250,000 jobs
Global stocks and the Euro are gaining as dollar loses. EURUSD is up 0.04%, DXY is down 0.17%, SPY is up 0.14%, DAX is up 0.52%, FTSE 100 is up 0.31%
