The United States government does not plan to prolong the maturity of its debt instruments, said the U.S. Treasury Secretary Janet Yellen. Last year, the average maturity of Treasury bonds declined as the Trump administration amid an increased dependence on short-term notes. “Treasury has been looking at this question and …

The New York Stock Exchange (NYSE) finished Tuesday lower amid expectations of a tax increase by the Biden administration to fund spending on infrastructure, combating climate change, investing in renewable energy, and job creation, as well as the $1.9 trillion stimulus package. The Dow Jones Industrial Average dropped by 308.05 …

Oil prices dropped on Tuesday and entered into a correction wave amid selling pressures and concerns about the outlook for the recovery of the global demand. A third wave of the Coronavirus pandemic and imposing new lockdown measures in Europe are diminishing hopes of a quick economic recovery and a …

Gold prices declined on Tuesday to their lowest level in more than a week, amid a rise by the U.S. Dollar (USD). The Dollar Index (DXY), which measures the greenback’s performance against a basket of six major international currencies, is up by 0.67% at 92.36. Gold futures for April delivery …

President of the Federal Reserve Bank of Atlanta, Raphael Bostic, said that although huge stimulus spending and easing monetary policies could lead to a rise in consumer prices, he does not expect a surge in inflation similar to what the United States witnessed in the 1970. “There is a lot …

European stocks showed a mixed performance on Tuesday as the continent enters into the third wave of the Coronavirus pandemic, which is leading to reintroducing lockdown measures in a number of countries. The pan-European STOXX 600 index closed lower by 0.12% at 423.65 points, as the auto sector decline by …

U.S. Treasury Secretary Janet Yellen believes that the recently approved huge stimulus package is exactly what the American economy needed. Speaking in a virtual hearing by members of the House of Representatives, Yellen expected strong recovery from the negative economic impact of the pandemic. “With the passage of the rescue …

The recently passed $1.9 trillion relief package is not expected to result in an undesirable rise in inflation rates in the United States, the Chairman of the U.S. Federal Reserve, Jerome Powell, said on Monday. Powell also said that the central bank is ready to deal with a surge in …

The President of the Federal Reserve Bank of Dallas, Robert Kaplan, supports raising interest rates by the end of next year. Kaplan does not see a problematic surge in inflation soon. However, he expects economic recovery to lead to the reduction of the easing measures and looks forward to normalizing …

Oil prices continued to decline on Tuesday, posting huge losses in early trades during the American session. Concerns about renewed lockdowns in Europe, especially France and Germany, are negatively impacting the outlook for demand recovery. Last Saturday, France announced a major four-week lockdown to combat the spread of the virus, …