Biden's agenda could send growth, stocks and interest rates higher

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Joe Biden's stimulus plan has boosted the stock market already and is expected to fuel more economic growth, higher interest rates and more stock market gains.The new president's plans are not without risk, including inflation and interest rates that start to bite into stock market gains.

But those outcomes will also be shaped by how much of the new president's agenda is approved and how quickly his plan to speed up vaccinations can curb the spread of the coronavirus. "The political environment has changed dramatically. It's just been three months. It's been kind of a drum beat and that's not going to reverse," Morgan Stanley chief U.S. equity strategist Michael Wilson said on CNBC.

 

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