Mnuchin won't extend credit prograams

Treasury secretary Steven Mnuchin announced yesterday after market closed that he wont extend lending programs which were put in place because of pandemic as he claims they served their purpose and he thinks they wont be needed. Most of the programs will expire at December 31st. This colides with FED who wants to keep this program longer. On the other hand Mnuchin will end as sectretary of treasury at 20th of January so we will see what will next secretary do. With pandemic getting stronger its not a good sign for markets. (Timiraos, Wall Street Journal)

6 views0 comments
  • Facebook
  • Twitter
  • LinkedIn
  • Instagram
  • YouTube

Risk Warning:
Past performance of an investment is no guide to its performance in the future. Investments, or income from them, can go down as well as up. You may not necessarily get back the amount you invested. All opinions, news, analysis, prices or other information contained in our communication and on our website, are provided as general market commentary and do not constitute investment advice, nor a solicitation or recommendation to buy or sell any financial instruments or other financial products or services.

© 2021 Trade Forum Philippines. All rights reserved.