(Bloomberg) -- Welcome to Wednesday, Americas. Here are some highlights from Bloomberg Economics to start your day. 

  • The fight over who should lead the Federal Reserve for the next four years has intensified questions about whether the central bank is doing enough to help combat climate change
    • Bloomberg Economics expects the U.S. rate liftoff to occur in the third quarter of 2023. But only a small change in circumstances could shift the first rate increase forward or back considerably
  • European Central Bank President Christine Lagarde said unprecedented monetary and fiscal aid and more vaccinations have brought the euro area to a point where it is “recovering more rapidly than we had anticipated
    • ECB to work remotely through January amid delta disruption
  • Global risks mount as China takes hit from delta, property curbs
    • China’s economy is facing one of its biggest challenges since the national lockdown, with August activity data showing the sharpest setback from the coronavirus since early 2020
  • Priciest food since 1970s is a big challenge for governments
  • German inflation hysteria mysteriously missing before vote
  • U.K. inflation surge prompts bets for sharper rate increases

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