With US President Joe Biden’s planned $1.9 trillion stimulus on the horizon, stock market sentiment was mixed on Tuesday, while US Treasury yields maintained low.
In light of his inauguration, US President Joe Biden has been making headway with executive orders and numerous policy changes; however, this $1.9 trillion stimulus will need to be passed through Congress.
Adding such a large amount on top of the United State’s current debt, has weighed on investor sentiment. Other financial experts and economists are concerned with a potential overheating of the US economy.
On the other hand the chief economist of the International Monetary Fund (IMF), has expressed that the stimulus package could boost the US economic output by 5% over the next three years.