US Treasury Sec. Yellen: Urged G7 members to go big on fiscal support
|US Treasury Secretary Janet Yellen said on Friday that she urged G7 members to 'go big' on fiscal support to promote a robust and lasting economic recovery, as reported by Reuters.
Additional takeaways
"Emphasized US President Joe Biden's administration's commitment to multilateralism, strengthening our alliances."
"Pledged support for tackling climate change, told G7 colleagues to expect a dramatic increase in US engagement relative to Trump years."
"US must play a crucial role in global climate effort."
"G7 must work with international financial institutions to aid low-income countries struggling in the pandemic."
Market reaction
These comments don't seem to be impacting market sentiment. As of writing, the S&P 500 Index was up 0.2% on the day at 3,924.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.