Powell Testimony, Canada Rate Hike, Argentina Deal: Eco Day
(Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.
Welcome to Wednesday, Americas. Here's the latest news and analysis from Bloomberg Economics to help you start the day:
- Federal Reserve Chair Jerome Powell will try to reassure lawmakers today that the central bank will act to curb the hottest inflation in four decades while remaining flexible
- Wall Street is still betting on seven hikes this year
- The Bank of Canada is expected to start a series of interest rate increases to wrestle inflation down from a three-decade high
- President Joe Biden said that his top priority is controlling inflation, pitching elements of his stalled “Build Back Better” program as a means to temper the surge in prices that's costing support
- Argentine President Alberto Fernandez said his government reached an agreement with the staff of the International Monetary Fund on some details needed to refinance the country's loan
- Euro-zone inflation quickened to an all-time high, outstripping expectations
- A Deutsche Bank strategist said the European Central Bank should intervene to buy euros
- Bloomberg Economics' looks at who loses as Russia financial flows freeze
- Finally, here's how Russia's widening assault on Ukraine complicates the movement of cargo between Europe and Asia
©2022 Bloomberg L.P.
-
Signature Play: The Classic Cocktail Is Dead. Or Is It?
Classic cocktails are disappearing from India's cocktail menus. But they're still being ordered, taught to bartenders and borrowed from. So, who's really having the last drink?
-
A New Samvat Wishlist: Inclusive Prosperity And Human Development
India has strengthened its economic foundations through infrastructure, digital access and enterprise. Its next growth chapter must deepen productivity, create better livelihoods and widen participation in prosperity.
-
Love, Sex Aur Dhokha: The Audacious Plot To Spy On Jensen Huang
A Taipei dinner, a Singapore chip buyer and a suspected Chinese asset: inside the alleged spy operation that got close to NVIDIA's Jensen Huang.
-
Ten Things I Learnt This Samvat
Patience can be a trap. Cheap stocks can stay cheap. Leverage can wipe you out. What did Samvat 2082 teach us? Niraj Shah writes on 10 lessons from the year gone by.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
