(Bloomberg) -- Welcome to Thursday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help you start the day:
- Vice Chairman Richard Clarida said the Fed is on course to announce later this year that it is paring bond purchases and moving on to a liftoff in interest rates in 2023
- The Bank of Korea may find it hard to go beyond three interest rate hikes when it starts raising borrowing costs, S&P Global Ratings says
- Investors waiting for a heads-up from the ECB on the future of pandemic bond-buying in September will probably be disappointed
- The past year suggests that governments are more focused on addressing scarcity in their economies rather than abundance
- India’s monetary policy makers are likely to leave interest rates untouched as their focus remains more on fixing a fickle economy
- Treasury Secretary Janet Yellen said that by the end of this year, monthly price changes will be at a level consistent with the Fed’s target. She said proposed spending on infrastructure, child care and education is needed for the U.S. to remain a leading economic power
- Brazil’s central bank lifted its key interest rates by a full percentage point, and promised another increase of the same magnitude
- Bloomberg Economics’ wrap of reactions and analysis including the U.S. forecast cut, U.K. CPI surge and Bank of Thailand’s dovish hold
- Ireland’s Finance Minister Paschal Donohoe predicted that world leaders will agree on a global tax accord
- Indonesia’s economy is set to grow at the fastest pace since 2010
- Thailand’s central bank held its key rate and cut its economic forecast a day after lockdown-like measures were extended
- U.S. companies added far fewer jobs than expected in July, indicating persistent hiring obstacles despite improvement in the economy
- The U.S. Treasury set the stage for reduced debt issuance
- The San Francisco Fed has declined to comply with a Pennsylvania Republican’s document request investigating Fed research
- Boris Johnson issued a rallying cry for institutional investors to plow money into British companies and create a “big bang”
- The social architecture formed over centuries of White rule has maintained South Africa’s position as the most unequal society
- The Biden administration has approved its first arms sale to the island democracy of Taiwan, a potential $750 million deal
- As $1 trillion evaporated from Chinese stocks last week, some investors realized they hadn’t paid enough attention to the country’s most important man: President Xi Jinping
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