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This Article is From Feb 11, 2020

Powell Testimony, Argentina’s Debt, Inflation Search: Eco Day

(Bloomberg) --

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

  • True believers in the return of global inflation have started 2020 with renewed hope, and the scorn that goes with it
  • Federal Reserve Chairman Jerome Powell kicks off two days of Congressional testimony before the House Financial Services Committtee. He speaks to the Senate Banking panel on Wednesday
  • Argentine President Alberto Fernandez has likened negotiating the nation's debt to playing poker. This week he'll have to show some of his cards to the International Monetary Fund
  • The U.K. economy narrowly avoided a contraction in the fourth quarter, adding to evidence of a pickup following Boris Johnson's election win
  • The European Central Bank has set out an ambitious timetable for its strategic review that could see a decision on whether to change its inflation goal by the summer
  • Riksbank officials are finding out that ending negative interest rates is far easier than convincing people the policy will stick
  • Chinese policy makers will likely roll out more measures to support the economy amid the impact of closures to fight the spread of coronavirus, though the emphasis still lies on not overdoing it
    • Meanwhile, here's a look at how China's silent factories are fueling workers' fears
  • Thomas Piketty's latest book “Capital and Ideology” will see the English translation published in March. The author sits down with Bloomberg's Stephanie Flanders in a sneak preview
  • To contact the reporter on this story: David Goodman in London at dgoodman28@bloomberg.net

    To contact the editors responsible for this story: Paul Gordon at pgordon6@bloomberg.net, Zoe Schneeweiss

    ©2020 Bloomberg L.P.

    Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

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