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14 Feb 2020

WH adviser Kudlow: Trump administration may propose 10% middle-class tax cut

The Trump administration may propose a 10% middle-class tax cut when they reveal the next tax plan in September, White House economic adviser Larry Kudlow told Fox Business Network on Friday. 

"We’d love to have a 10% middle-class tax cut, and we would love to strengthen and make permanent some of the other tax cuts," Kudlow said, as reported by Reuters.

Market reaction

These comments seem to be helping Wall Street's main indexes edge modestly higher in the session. As of writing, the S&P 500 was up 0.15% on the day and the Nasdaq Composite was adding 0.27%. 

Feb 14, 2020

GBP/USD Price Analysis: Pound easing from weekly high, trades above 1.3000 figure

Following the October and December bull-run, GBP/USD is trading in a rectangle consolidation above its 100/200-day simple moving averages (SMAs). The spot is e
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Feb 14, 2020

Atlanta Fed's GDPNow drops to 2.4% from 2.7% for first quarter of 2020

The real gross domestic product (GDP) in the United States is expected to expand by 2.4% in the first quarter of 2020, the Federal Reserve Bank of Atl
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