Fiscal stimulus: White House's Farah express cautious optimism, S&P 500 edges up

Yohay Elam FXStreet

White House spokesperson Alyssa Farah has said that she is cautiously optimistic that House Speaker Nancy Pelosi is moving toward a stimulus package. Farah spoke on Fox News.

The S&P 500 Index has turned positive after dipping into the red earlier on.

Pelosi, a Democrat, will hold a call with Treasury Secretary Steven Mnuchin at around 19:00 GMT. Negotiations for a relief package have received fresh impetus after President Donald Trump said that he wants a deal that is bigger than what Pelosi suggests. Passing any accord depends on Senate Republicans.

Author

Yohay Elam

FXStreet

Yohay is in Forex since 2008 when he founded Forex Crunch, a blog crafted in his free time that turned into a fully-fledged currency website later sold to Finixio.

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