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The Monday Mix: May 31 – June 6, 2021

Headlines discussed at LNWM’s Monday morning briefing:

Slightly higher interest rates would be good for the United States, Treasury Secretary Janet Yellen said, after decades of low inflation and rates.  

The G7 (largest western economies including the US) reached a historic agreement to levy a 15% global minimum tax on multinationals.  

White House’s revised infrastructure proposal cuts spending by 40% to $1 trillion, keeps US corporate tax rate at 21%,includes 15% corporate minimum tax.

US wages rose at a 2% annualized rate in May, as worker shortages persist despite7 million more people unemployed vs. pre-pandemic levels. 

25% of ExxonMobil’s board (3 out of 12) is now comprised of climate change activists, after proxy voting campaign was backed by major institutional investors. 

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