The Inflation Reduction Act Turns 1 Year Old: Biden Says He Aims To Rekindle American Dream
Portfolio Pulse from AJ Fabino
President Joe Biden celebrated the first anniversary of the Inflation Reduction Act (IRA), emphasizing its role in job creation, climate change mitigation, and deficit reduction. Biden attributed the decline in inflation to the IRA's success in reinvesting in America. He also highlighted the IRA's role in repositioning the U.S. in the global clean energy landscape, with ambitious goals for solar and wind power. Companies like Tesla Inc and First Solar Inc, as well as ETFs like the Global X U.S. Infrastructure Development ETF and iShares Global Clean Energy ETF, could benefit from these policies.
August 16, 2023 | 8:54 pm
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POSITIVE IMPACT
First Solar could benefit from the Inflation Reduction Act's focus on clean energy.
The Inflation Reduction Act's focus on clean energy could boost demand for First Solar's solar power solutions and potentially lead to increased government support or incentives.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
The iShares Global Clean Energy ETF could benefit from the Inflation Reduction Act's focus on clean energy.
The Inflation Reduction Act's focus on clean energy could boost the value of the assets held by the iShares Global Clean Energy ETF.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
The Global X U.S. Infrastructure Development ETF could benefit from the Inflation Reduction Act's focus on infrastructure development.
The Inflation Reduction Act's focus on infrastructure development could boost the value of the assets held by the Global X U.S. Infrastructure Development ETF.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
Tesla could benefit from the Inflation Reduction Act's focus on clean energy and job creation.
The Inflation Reduction Act's focus on clean energy and job creation could boost demand for Tesla's electric vehicles and potentially lead to increased government support or incentives.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75