Wall Street hikes expectations for size of Biden's spending package

Wall Street hikes expectations for size of Biden's spending package

Wall Street hikes expectations for size of Biden's spending package Big money managers say spending plan will total $1.9T: BofA Wall Street money managers are upping their expectations regarding the size of President Biden’s infrastructure package, according to a survey conducted by Bank of America. Investors say the spending plan, made up of both the bipartisan bill and the reconciliation package, will total $1.9 trillion, up from $1.7 trillion last month. Investors have gotten "more bullish on the passing of the bipartisan bill and the reconciliation package at some point in the autumn," wrote Michael Hartnett, chief investment strategist at Bank of America. ALUMINUM PRICES SOAR IN NEW CONSTRUCTION HEADACHE The Charlotte, N.C.-based lender surveyed 232 participants with $807 billion in assets between Sept. 3 and Sept. 9. House Democrats …
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