During his testimony before the House Financial Services Committee on Tuesday, US Treasury Secretary Steven Mnuchin said they continue to work with Congress toward a phase-four coronavirus relief package. “I believe a targeted package is still needed,” Mnuchin added and noted that he sees tremendous growth in the third quarter led by strong retail sales, housing activity and manufacturing growth. Commenting on the Main Street Lending Program, Mnuchin acknowledged that they are expecting some losses on that facility and said that they are working with the Federal Reserve to improve the program. Market reaction The market mood remains cautious following these comments. As of writing, the S&P 500 Index was down 0.2% on the day at 3,275. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Gold Price Analysis: XAU/USD drops back to the $1,900 area as US dollar strengthens FX Street 1 year During his testimony before the House Financial Services Committee on Tuesday, US Treasury Secretary Steven Mnuchin said they continue to work with Congress toward a phase-four coronavirus relief package. "I believe a targeted package is still needed," Mnuchin added and noted that he sees tremendous growth in the third quarter led by strong retail sales, housing activity and manufacturing growth. Commenting on the Main Street Lending Program, Mnuchin acknowledged that they are expecting some losses on that facility and said that they are working with the Federal Reserve to improve the program. Market reaction The market mood remains cautious following these… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
