Created by: Sam Tenney
- House democrats have finalized language in their new bill that would look to raise taxes; this tax bill is meant to help fund the new 3.5 trillion-dollar spending bill that is still in the works. The new corporate tax rate would rise to 26.5%, up from 21%, and the new long term capital gains rate would be at 25% up from 20%. If passed this could lead to volatility in the markets.
- Supplemental unemployment assistance provided for the Covid-19 pandemic has ended in all 50 states, as of the week of September 4th. However, preliminary JOLTS numbers show that hiring has not picked up as sharply as expected, likely due to increased savings through the pandemic.
- Consumer Inflation expectations have hit a decade high, with consumers reporting a predicted 4% year over year expected inflation. This could have a large effect on consumer purchasing habits.
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