The Marriner S. Eccles Federal Reserve building in Washington, D.C., U.S., on Sunday, June 20, 2021. The White House on Friday reiterated opposition to indexing the gasoline tax to inflation to help pay for an infrastructure plan, raising new questions about the viability of a bipartisan compromise emerging in the Senate. Photographer: Stefani Reynolds/Bloomberg
The Federal Reserve building in Washington DC. Optimism on President Joe Biden’s spending plans and the reopening economy saw the Fed make positive revisions to growth forecasts and even more substantShow more

Why a hawkish US Fed is reverberating around markets

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