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

  • U.S. Federal Reserve Chairman Jerome Powell has gained the support of many influential Senate Democrats, who will back him for another term
  • Bloomberg Economics doesn’t expect the scorching U.S. housing market to cool any time soon
  • A growing number of private and public U.S. employers are telling workers that they must get vaccinated or face mandatory testing
    • Covid’s long tail will likely delay economic recoveries in the places with the least access to vaccines, and even vaccine- and resource-rich countries will face health and economic aftershocks
  • Attempts to craft a bipartisan infrastructure plan hit multiple snags, again pushing U.S. Senate negotiators past another deadline to reach a deal
  • As Brazil contends with its worst drought in almost 100 years, its ports and their regulator are intensifying efforts to quantify the risks of climate change for the nation’s sea hubs
  • European Central Bank policy makers have acknowledged that their new push to boost inflation expectations could take a while to kick in, according to officials familiar with the discussions
  • Shock moves by Chinese regulators toward swathes of the nation’s private sector have been roiling the nation’s stocks for weeks now, and spurred some hard thinking about whether there’s a whole new framework for economic policy

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