Fed's Next Move, Moore's Burnt Bridges, Nafta's Path: Eco Day
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Welcome to Tuesday, Americas. Here’s the latest news and analysis from Bloomberg Economics to help get your day started:
- Federal Reserve Bank of Boston President Eric Rosengren still thinks the central bank’s next move for interest rates is more likely to be a hike than a cut. He just won’t be surprised if that turns out wrong
- President Donald Trump’s pick for an open Fed board seat, Stephen Moore, has sharply criticized some of the Republican senators whose votes he’ll need for confirmation. Yet that hasn’t made him many enemies
- Bloomberg Economics’ Carl Riccadonna expects much of the recent economic weakness in the U.S. to be transitory
- Central bankers don’t change their minds overnight. In the case of neutral interest rates, it took Fed officials about 1,000 days
- For Trump’s new North American trade accord to become law, he’ll need the help of a political rival with a track record of blocking such deals
- Euro-area banks will know by June how generous the terms of the European Central Bank’s new loans are going to be, according to Governing Council member Olli Rehn, one of the candidates to replace Mario Draghi
- Italians cherish easy money, while German speakers want this era gone
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