Inflation Expectations in Europe Rise to Highest Level in Over a Year morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
Oil prices hit their highest in nearly a year on Tuesday on lower supply bets and Treasury yields tightened from 10-month highs after strong demand at an auction.
Wall Street was headed for a steady start on Tuesday as a sell- off in U.S. Treasuries lifted demand for the dollar and markets hoped for a calmer countdown to Joe Biden's inauguration next week.
Without exception, 2020 will be one for the record books! When we started the year, if anyone knew the economic collapse that would occur, I don’t think many would have
Question of authority
The greatest risk to financial stability is not an insufficient focus on climate change.
It is an extreme policy agenda that would weaponize financial regulation to discriminate against fossil energy the most affordable, reliable source of energy that has powered the American economy and American energy independence.
Senate Democrats, in a recent partisan report, openly call for regulators to discourage financial firms from extending credit to industries that amplify climate risk, such as coal, oil or natural gas.
Lost on the authors of this report is the fact that managing climate risk is outside the primary authority of financial regulators and that such actions would increase the costs for Americans to heat their homes, fuel their vehicles or feed their families all amidst a once in a century health and economic crisis.