75GEOPOLITICS
⚡ Markets: If perceived as credible, this represents a massive potential fiscal stimulus, which would be inflationary and could force the Fed to be more hawkish. Could impact US equities, the dollar, and Treasury yields.USDUS TreasuriesSPXIWM
US President Donald Trump pledged a direct payment of $5,000 to all American adults, a proposal costing over $1 trillion, contingent on his Republican party retaining control of Congress in the upcoming November midterm elections. The promise was made during a keynote speech where he also defended the war with Iran.
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