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This Article is From Sep 13, 2021

U.S. Inflation, Fed’s Taper, Global Capex, U.K. Tax: Eco Day

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Good morning, Americas. Here's the latest from Bloomberg Economics to start your week. 

  • Global companies from noodle makers to semiconductor giants are spending on new plants and machinery in ways they haven't done for years
  • Among advanced economies, the U.S. is starting to look like the outlier: Probably because there was more fiscal stimulus during the pandemic, there's more inflation there. The consensus is, it won't last
  • Bloomberg Economics expect the Fed to begin tapering in December at a pace of $15 billion a meeting -- with a $10 billion/$5 billion split between Treasuries and mortgage-backed securities
  • Inflation across the euro area is seen peaking in the fourth quarter
  • U.K. Prime Minister Boris Johnson risks strangling growth with higher taxes on business, the country's biggest business lobby said
  • On the factory floors of Vietnam and Malaysia, in the barbershops of Manila or office towers of Singapore, regulators are pushing forward with plans to reopen, seeking to balance containing the virus with keeping people and money moving
  • Shanghai has halted some container port operations and will cancel most flights Monday and Tuesday as Typhoon Chanthu approaches the city

©2021 Bloomberg L.P.

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