Powell’s Soft Landing, Erasing Student Debt, USMCA Deal: Eco Day

(Bloomberg) --

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

• As he approaches his third year as Fed chairman, Jerome Powell is again sounding confident that the economy and monetary policy are in a good place, calibrated to help extend the record-long U.S. economic expansion
• The U.S. is unlikely to impose extra tariffs on a new $160 billion swath of Chinese goods including toys and smartphones come Sunday, Agriculture Secretary Sonny Perdue said
• In ancient Babylon, a newly enthroned king would declare a jubilee, wiping out the population’s debts. In modern America, a faint echo of that idea -- call it jubilee-lite -- is catching on
• President Donald Trump’s administration plans to sign off on adjustments to a free-trade deal with Mexico and Canada on Tuesday, easing the path for a vote in the House of Representatives as soon as next week
• Canadians are nervous the nation’s economy is veering toward a recession next year
• A trillion-dollar U.S. fiscal deficit in 2019 against a backdrop of record-low unemployment and above-potential growth has rung surprisingly few alarm bells. Going forward, that sense of security is set to face some challenges, according to Bloomberg Economics’s Andrew Husby

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