US stimulus offers 'significant' boost to global economy: IMF

Washington (AFP) – US President Joe Biden’s stimulus program is being hailed as both boosting domestic growth and spurring the global recovery, but the IMF warned that policymakers will need to be alert to risks posed by the massive spending as well as low interest rates. The package, which Biden signed into law on Thursday, will inject $1.9 trillion in aid into the pandemic-damaged economy by funding small businesses, extending unemployment benefits that were due to expire in days, and sending direct payments of as much as $1,400 to many Americans starting this month. That spending will expan…

Read More

HEDGE accordingly