US Dollar Analysis: Hot Inflation and a Potential Infrastructure Bill

 US Dollar Analysis: Hot Inflation and a Potential Infrastructure Bill

US Dollar, Congress, Infrastructure Bill Talking Points:

  • Bipartisan group of Senators reached a preliminary agreement on an infrastructure bill
  • The bill is considered to be “fully funded” and will not be financed by any tax increases
  • USD weaker on the day, following strong inflation and news of a massive infrastructure bill

A bipartisan group of Senators agreed on a $1.2 trillion infrastructure package Thursday evening, paving the way for a concrete bill to hit the floors of Congressional chambers in the coming days. A group of 10 Senate Democrats and Republicans reached an agreement on Wednesday, one that is “fully funded” and will not include any tax increases. The bill is rumored to cost $1.2 trillion over 8 years, with $579 billion in new spending over the first 5 years. The agreement is a massive step forward following the collapsed talks between President Biden and GOP Senator Shelley Moore Capito. The next battle for the…

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