Despite Republican opposition and a marathon debate, the Senate has passed a climate and tax bill- the Inflation Reduction Act. This legislation will make the most significant federal investment in history to counter the toll of climate change, lower the cost of prescription drugs, and revamp portions of the tax code to make it more equitable.
First Published April 19th, 2022
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Price Expectations …
Tomorrow we will get CPI numbers and there is apprehension that it would have a 9-handle (that is, above 9%) thanks to higher energy costs. The core-CPI is likely to be less subdued but is still elevated.