(Bloomberg) -- Good morning Americas. Here's news and analysis from Bloomberg Economics to help get your Tuesday started:
- U.S. Federal Reserve Chairman Jerome Powell is due to testify before a Senate panel on Tuesday, with markets awaiting clues on the monetary policy outlook in the world's largest economy
- That will follow comments from the Minneapolis Fed chief, who isn't on board with faster interest-rate increases by the central bank
- U.K. employment rose to a record high in the three months through May and wage pressures showed few signs of abating, keeping the Bank of England on course for an interest-rate increase next month
- The report was released as Governor Mark Carney testified to lawmakers on the Treasury Committee at the Farnborough International Airshow. In a session marred by some technological issues, Carney said that the BOE will give a view on how any Brexit deal affects the central bank
- That adds pressure on Prime Minister Theresa May as she already faces a torturous dilemma: renege on her pledge to hold to her own Brexit plan, or risk revolt from within her own political party
- Japan and the European Union signed a trade agreement on Tuesday in Tokyo that lowers barriers on the movement of goods and services between the two economies and provides a counterweight to U.S. protectionism
- China has more options than central banking to guard an economy that's tapping the brakes
- The Bank of Japan was confident of growth prospects for the second half of 2008, just before the Lehman Brothers crash, transcripts released Tuesday show
- New Zealand inflation picked up comfortably within the Reserve Bank's target band, and Australia's central bank says there's no strong case for a policy adjustment based on the paths for unemployment and inflation
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, Marco Bertacche
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