Passage of US infrastructure Bill a big plus for equity markets

Central banks are being tested on their ability to respond to rising inflationary pressures. ST PHOTO: CHONG JUN LIANG
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SINGAPORE - The United States Congress' passing of the US$1 trillion (S$1.35 trillion) infrastructure Bill proposed by President Joe Biden is one of the biggest positive market news coming through the weekend.

By most analysts' accounts, this should give a further fillip to the equity market, which has already climbed to record highs despite the US Federal Reserve's announcement that it would start slowing its US$120 billion of monthly asset purchases.

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