Jobs Report, Powell Praise, Super Saturday in the U.K.: Eco Day

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

• Today’s U.S. jobs report is expected to show further improvement, but it will likely be tricky to decipher and subject to confusion and debate in the hours and days that follow
• President Donald Trump, a previously fierce critic of the Federal Reserve, has voiced fresh satisfaction with Chair Jerome Powell
• Fed officials showed no readiness at their June meeting to commit to yield-curve control
• How the American worker got fleeced, and how Covid might change that
• Bloomberg Economics estimates of consumer alternative consumer price indexes show the Covid shock might not be as disinflationary as it appears, especially for low income households
• The Coronavirus may not be killing cash as much as thought, with research showing people are hoarding more of it
• China’s central bank is slowing the pace of monetary easing amid signs of economic recovery, handing disappointment to investors who have worried about tightening liquidity and rising bond yields
• The U.K. is getting ready for a “Super Saturday” of pubs, restaurants and hotels reopening, raising government hopes the economy can get on a path to recovery
• Finally, don’t miss this week’s episode of the Stephanomics podcast: It’s Hard to Break Chinese Supply Chains

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