Legislative Budget Offices and Market Sentiment Impact: The Case of Trumpcare
Posted: 2 Jun 2017
Date Written: May 27, 2017
The analysis of nonpartisan legislative budget offices (LBOs) can have significant impacts on financial markets when issues of pressing fiscal importance are considered as pivotal in the movements of equities, currencies, and fixed income asset classes; and this is exemplified by the Congressional Budget Office (CBO) costing of the American Healthcare Act (‘Trumpcare’). This discussion papers ties the financial market responsiveness to LBO analysis by showing the importance of nonpartisan analysis as an informational agent in market movement.
Keywords: financial markets, CBO, budget, fiscal policy, equities, healthcare, Trump
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