Jun 10, 2021
U.S. Inflation Watch, Tax Squeeze, No U.S. House Bubble: Eco Day
Bloomberg News
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Happy Thursday, Americas. Here’s the latest news and analysis from Bloomberg Economics to help you start the day:
- Investors are watching today’s latest U.S. consumer price index to gauge the inflation risk with economists expecting an annual advance of 4.7%
- The world’s richest face a tax squeeze as G-7 leaders -- hoping to challenge the supremacy of tech titans -- move to plug holes in the world’s leaky tax system
- Commerce ministers from China and the U.S. agreed to push forward trade and investment links in their first call since the start of the Biden administration
- President Joe Biden’s blueprint for the U.S. semiconductor industry will need more money and global support to take back chip supremacy and preempt a rival effort from China
- ECB officials will decide Thursday just how much monetary stimulus the euro zone needs as it emerges from coronavirus lockdowns over the summer. Meanwhile, Serbia kept borrowing costs steady for a sixth straight month
- U.S. home prices are rising at an even faster pace than in the lead-up to the last housing crisis, but by some key measures there’s less risk of a blowout
- Renters are piling into Manhattan, and they’re planning to stay for a while
- The housing boom is fueling bets that the Federal Reserve will taper mortgage bonds first
- Tofu is about to get pricey, and it’s going to test just how much Americans are willing to pay for protein
- The world’s food-import bill is expected to climb to an all-time high this year, with the soaring cost of staples hitting poor nations particularly hard and threatening to fuel global inflation
- The Fed’s top brass has cast a skeptical eye on cryptocurrencies, but the central bank may be a surprisingly early adopter of the first Bitcoin-linked junk bond
- Finally, in focus on this week’s Stephanomics podcast is Japan’s difficult choice to move forwad with the Olympics during the pandemic
- Listen also for insight into the G-7’s landmark corporate tax deal plus the work-from-home revolution’s potential impact on workplace inequality
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