SIFMA Congratulates Joe Biden11.12.2020
SIFMA issued the following statement from Kenneth E. Bentsen, Jr., president and CEO of SIFMA, on the outcome of the U.S. Presidential election as announced by major media outlets this weekend:
“SIFMA congratulates Joseph R. Biden, Jr. on his election as the 46th President of the United States of America. We look forward to working with his Administration on issues that enhance our capital markets, help stimulate economic growth and create jobs. SIFMA also congratulates Vice President-Elect Kamala Harris, the first woman, first African-American and first Indian-American elected to the office of Vice President, a historic milestone for our nation.”
Dimon said the U.S. economy is strong but war in Ukraine and sanctions on Russia will slow the global economy.
Morgan Stanley CEO wants the Fed to raise rates in March.
Wien started the tradition in 1986 when he was the Chief U.S. Investment Strategist at Morgan Stanley.
Headline inflation in the U.S. hit 4.2% annualized in April, a level not seen since 2008.
US government bond yields will be capped in a Biden divided government or Trump win.