A top Morgan Stanley strategists explains the risks to further US stimulus, but expects lawmakers to reach a deal
on the face of it, extend supplemental unemployment benefits, an eviction moratorium, and cut payroll taxes. Trump has not given further details of how these might work.
The program's set-up would likely take time and delay unemployment support. Not just that, any aid could end up being smaller, if states shy away from new costs, given their already debt-heavy budgets, Zezas said. The CEO of an $815 million ETF provider explains how to build the perfect portfolio for today's market using just 3 low-cost fundsIt's also unclear how the eviction moratorium, Trump's order that prohibits landlords from filing eviction orders, might work.
Zezas said it's difficult to establish whether employers will actually cut back on these taxes from employee paychecks."The order isn't so much a tax cut, as a deferral of tax payments," he said.
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