U.S. Inflation, Delta’s Force, European Jobs, China: Eco Day
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Welcome to Tuesday, Americas. Here’s the latest from Bloomberg Economics to start your day.
- From the U.S. to China and Germany, the latest data are flagging an economic slowdown as the new form of the coronavirus hits spending just as supply chain snarl ups threaten to keep inflation elevated.
- In the U.S., the CPI wave is still cresting; Bloomberg Economics expects the August CPI figure to hold at 5.4% year over
- House Democrats float 26.5% top corporate rate in tax plan
- The number of workers on U.K. company payrolls climbed above its pre-pandemic level, with companies battling staff shortages
- In Britain, the red hot jobs data will keep BOE hawks circling
- France too has hiring difficulties, which are clouding its economic recovery
- Latin America’s heavily-indebted corporations are likely to delay rehiring workers during the recovery from last year’s slump, according to the World Bank
- China’s economy likely slowed further in August
- The country’s regulatory tightening will cause limited damage to the country’s long-term economic growth and investment prospects, according to Goldman Sachs Group Inc.
- Australia’s central bank chief pushed back against investor bets on early interest-rate increases, reiterating he doesn’t expect liftoff before 2024
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