Richmond Fed president Barkin: Results of congressional races likely to allow more support for least fortunate but constraints still on more ambitions programs

Market news

7 January 2021

Richmond Fed president Barkin: Results of congressional races likely to allow more support for least fortunate but constraints still on more ambitions programs

Expects second half to be "robust" between business and consumer spending but neither is likely to "go crazy"
Still sees disinflationary forces holding prices down
Broad-enough rollout of vaccine likely not until this summer

U.S. non-manufacturing sector’s growth unexpectedly accelerates in December - ISM

U.S.: ISM Non-Manufacturing, December 57.2 (forecast 54.6)

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