Fed Stimulus, Canada’s Gaping Deficit, Superstar Cities: Eco Day

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

  • Fed Vice Chairman Richard Clarida said officials would likely turn to additional forward guidance and asset purchases if the economy needs more aid
  • Some top advisers to President Donald Trump want the U.S. to undermine he Hong Kong dollar’s peg to the U.S. dollar as the administration considers options to punish China for limiting freedoms in the former British colony
    • The U.S.-China rivalry is shifting into new and unpredictable areas, engulfing everything from a popular video app to Hong Kong’s status as global financial hub
  • “Superstar” cities aren’t all they’re cracked up to be, especially for Black male college graduates, says new study from MIT
  • Many Americans plan to spend less than before the virus struck, new data shows
  • Covid-19 is pushing New York City’s affordable housing crisis to a breaking point
  • Canadian Prime Minister Justin Trudeau is set release his first estimate of the full cost of the multiphase effort to buffer his country from its deepest recession since the 1930s
  • The World’s supply chain managers want fewer supply disruptions in the next crisis
  • Argentina needs at least 66.6% of all bondholders to participate in a bond exchange for it to be valid, according to the latest filing with the SEC
  • Sick with coronavirus, Brazilian President Jair Bolsonaro defends his approach rejecting medical advice
  • U.K. Chancellor of the Exchequer Rishi Sunak delivers a mini-budget to lawmakers -- here’s what to expect
  • Christine Lagarde signaled the ECB will keep policy unchanged at its next meeting after its massive emergency stimulus helped calm markets

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