U.S. Stimulus Hopes Gone, Tax Poverty, China Inflation: Eco Day

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

• Even with the U.S. still reeling from the coronavirus pandemic, Washington fell short in delivering more stimulus before the election. Now, voters will help decide what happens next
• Millions of low-income Americans are locked into poverty thanks to U.S. tax policy, Federal Reserve Bank of Atlanta researchers say
• With the U.S. importing more goods than it’s exporting, shipments of American cotton, grain and hay are getting squeezed due to limited availability of shipping containers
• Canada’s main opposition party is cautioning the central bank against financing Justin Trudeau’s spending plans beyond immediate pandemic emergency measures, thrusting the Bank of Canada into a political firestorm
• China’s consumer inflation slowed in September, driven by a moderation in food price gains
  • Bloomberg Economics expect China’s GDP data due next week to confirm the economy’s robust recovery extended into 3Q
• Thai Environment Minister Varawut Silpa-archa has wanted for decades to give the country’s national parks time to recover from the damage caused by an endless stream of tourists. Covid-19 gave him the chance
• Africa has many hurdles that must be overcome if it is to fulfill its vision of instituting a continental free-trade agreement
• Finally, don’t miss this week’s episode of the Stephanomics podcast on which jobs are really worth saving

©2020 Bloomberg L.P.