US President Biden says lockdowns are off the table, for now

Joel Frank Independent Analyst

US President Joe Biden said in a speech on Monday that, for now, lockdowns are off the table as there would be no need if people get vaccinated and wear the mask. Asked whether he expects additional travel curbs, he said none were needed for now and, asked whether this would be the new normal for the US, he said he did not think so.

Market Reaction

FX markets have not seen much of a reaction to Biden's remarks, but the statement that lockdowns are off the table, for now, could be lending some support to the equity complex, with the S&P 500 recently pushing to fresh session highs in the 4660s.

Author

Joel Frank

Independent Analyst

Joel Frank is an economics graduate from the University of Birmingham and has worked as a full-time financial market analyst since 2018, specialising in the coverage of how developments in the global economy impact financial asset

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