• A successful vaccine doesn't negate the need for more economic stimulus, Barclays says

    23 days ago - By Business Insider

    The Senate side of the Capitol is seen in Washington, early Monday, Nov. 9, 2020.
    AP Photo/J. Scott Applewhite
    The stock market's blissful reaction to Pfizer's vaccine announcement may have some wondering if the US will still pass a sizable fiscal stimulus package. A team of Barclays economists wrote in a Monday report that given the timeline of inoculation and the current US employment outlook, they still expect a fiscal package of a least $500 billion to pass in the first quarter of 2021. "In our view, federal government transfers to replace lost wage and salary income and revenues at...
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