Jan 24, 2022
Inflation Hotbed, Supply Turning Point, China Trade: Eco Day
Bloomberg News
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Welcome to Tuesday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help you start the day.
- The U.S. heartland has become an inflation hotbed, highlighting how difficult it will be for policy makers to cool decades-high price rises
- Bloomberg Economics says that even as the Fed speeds toward a March rates liftoff, some loud voices suggest policy makers remain deluded about the threats
- U.S. business activity was close to stalling in early January
- Equity-market selloffs have portended economic trouble, but the current tumble just isn’t enough to cloud the sunny consensus for strong U.S. growth this year
- Inflation hawks are about to get what they want from the Fed -- which means emerging markets are about to get what they’ve traditionally feared
- Global supply chains are nearing a turning point that’s set to help determine whether logistics headwinds keep restraining growth
- The impact of costlier imports on inflation in Asia will peak “in the near future,” say economists from Goldman Sachs
- Consumer prices in Singapore rose more than expected again last month, adding enough uncertainty for the government to review its 2022 forecasts
- The landmark trade deal signed in 2020 between the world’s largest economies failed to reduce the bilateral trade deficit
- China posted strong foreign exchange inflows last year, thanks to record exports and high returns on domestic assets
- Chinese authorities are ramping up support for the economy, Bloomberg Economics’ policy dashboard shows
- Euro-area economic activity rose at its slowest pace in almost a year
- A nascent easing of supply bottlenecks helped drive manufacturing activity in Europe’s two largest economies
- The ultra-low interest rate on the ECB’s targeted longer-term refinancing operations will be the next pandemic-era stimulus measure to be pared back
- The ECB will raise its deposit rate as early as December 2022, Deutsche Bank economists predict, arguing that inflation will prove stickier than policy makers think
- Bloomberg Economics’ dashboard of high-frequency data is sending mixed signals on the impact on Brazil’s economy from surging Covid
- The low interest rate loans that are helping propel one of the world’s frothiest property markets could also be what make it burst
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