Fed Signals, Europe Inflation Woes, RBA’s QE Exit: Eco Day

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Welcome to Tuesday, Americas. Here's the latest news and analysis from Bloomberg Economics to help you start the day:

Federal Reserve officials said they want to avoid unnecessarily disrupting the U.S. economy as they prepare to start raising interest rates
- Markets may be wrong to think Jerome Powell's hawkish comments signal an admission by the Fed it's behind the curve -- and that might be exactly what Powell wanted, Bloomberg Economics writes
- U.S. rent inflation may add to the impetus at the Federal Reserve for higher interest rates, though the inflation cure could backfire
Americans across income groups succeeded in recouping earnings lost to Covid-19 in 2021, though gains for the poorest may be short-lived
Argentina's tentative agreement with the International Monetary Fund suffered an early setback Monday when the ruling coalition's leader in the lower house resigned in protest over the deal announced by the government last week
European markets are awash in hawkish enthusiasm, as traders bet on the fastest pace of policy tightening in more than a decade
- German and French inflation slowed less than expected in January, challenging the European Central Bank's view that consumer-price growth in the euro area will ease noticeably this year
- Euro-area factories provided another signal that inflation may prove more stubborn than policy makers hope
- Ukraine's central bank bowed to recommendations from the International Monetary Fund and the president by watering down a proposed increase in interest rates this month
- Australia's central bank scrapped its quantitative easing program following a jump in hiring and consumer prices