Post by account_disabled on Feb 25, 2024 1:41:11 GMT -8
Aaybank Kim Eng assesses new round of economic stimulus measures in the US. It has a positive effect on the long-term image. Mr. Teeraset Promphong, Macroeconomic Strategist Maybank Kim Eng Securities Public Company Limited (Thailand) assesses that from the new president of the United States Announcing a new economic stimulus package from the United States, the American Rescue Plan, worth $1.9 trillion. To provide relief to those affected by the COVID-19 outbreak, with the following details: 1. Direct Payment assistance for those affected (Direct Payment) of another $1,400 (total of the original $600, totaling $2,000). etc.
2.Help unemployed people in the amount of 400 USD British Student Phone Number List per week. and extended until September 2021. 3. Aid to local governments, amount of 350 billion dollars. 4. Assistance for education and educational institutions: 170 billion dollars. 5. Support for COVID-19 testing in the amount of 50 billion dollars. 6. Assist in cooperation in the national vaccine project. Collaborate with various organizations with a budget of 20 billion dollars. 7. Increase the minimum wage from 7.25 USD per hour to 15 USD per hour. 8. Increase the tax refund limit for those with children to 3,000 USD per child and 3,600 USD per child for children under age. 6 years The trend should be good for the long-term picture. While in the short term there are still risks.
The new economic stimulus measures are positive for sentiment in risky assets from 1) supporting long-term economic recovery 2) increasing liquidity in the system. This is reflected in the US 10-year government bond yield that bounced back past 1.1%, while the Dollar Index weakened for a new round. However, in the short term, the US stock market is considered to have not responded positively from 1) there was strong Sell on Fact from previous positive speculation, 2) the amount of economic stimulus was not above expectations. It is also slightly lower than the market's expectation of $2 trillion. 3) There is an opportunity for monetary policy makers like the Fed to send a signal for more balance. In order not to have too much speculation in various assets until a bubble occurs. And in addition, the idea of increasing the minimum wage from 7.25 to 15 dollars per hour is a policy that opponents like Republicans have always attacked as not having a positive effect on the overall economic picture.
2.Help unemployed people in the amount of 400 USD British Student Phone Number List per week. and extended until September 2021. 3. Aid to local governments, amount of 350 billion dollars. 4. Assistance for education and educational institutions: 170 billion dollars. 5. Support for COVID-19 testing in the amount of 50 billion dollars. 6. Assist in cooperation in the national vaccine project. Collaborate with various organizations with a budget of 20 billion dollars. 7. Increase the minimum wage from 7.25 USD per hour to 15 USD per hour. 8. Increase the tax refund limit for those with children to 3,000 USD per child and 3,600 USD per child for children under age. 6 years The trend should be good for the long-term picture. While in the short term there are still risks.
The new economic stimulus measures are positive for sentiment in risky assets from 1) supporting long-term economic recovery 2) increasing liquidity in the system. This is reflected in the US 10-year government bond yield that bounced back past 1.1%, while the Dollar Index weakened for a new round. However, in the short term, the US stock market is considered to have not responded positively from 1) there was strong Sell on Fact from previous positive speculation, 2) the amount of economic stimulus was not above expectations. It is also slightly lower than the market's expectation of $2 trillion. 3) There is an opportunity for monetary policy makers like the Fed to send a signal for more balance. In order not to have too much speculation in various assets until a bubble occurs. And in addition, the idea of increasing the minimum wage from 7.25 to 15 dollars per hour is a policy that opponents like Republicans have always attacked as not having a positive effect on the overall economic picture.