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Fed’s High Bar, Immigration Divide, Oil Price Risks: Eco Day

Fed’s High Bar, Immigration Divide, Oil Price Risks: Eco Day

(Bloomberg) --

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

  • The risk of a U.S.-Iran conflict is bringing fresh focus to the question of what Jerome Powell meant when he said it will take a “material” change in the outlook for the Federal Reserve to raise or lower interest rates
  • Economists expect Canada and the U.S. to compete for the top spot for growth among the Group of Seven countries in 2020, yet the latest population data reveal the two nations have starkly different forces driving their expansions
  • France and the U.S. will seek a compromise on the taxation of digital services over the next two weeks in a effort to avoid an escalation in the transatlantic trade dispute
  • Financial markets had expected a bright start to 2020, buoyed by the sight of a U.S.-China phase-one trade deal and the lagged impact of rate cuts. But now they have a new risk to contend with -- higher global oil prices, Ziad Daoud writes at Bloomberg Economics
  • Home sales dropped in Toronto in December, but prices continued to rise as demand outstripped a dwindling supply of units available for purchase
  • Euro-area inflation accelerated to the fastest pace in eight months in December, driven by energy prices

To contact the reporter on this story: Zoe Schneeweiss in London at zschneeweiss@bloomberg.net

To contact the editors responsible for this story: Fergal O'Brien at fobrien@bloomberg.net, Brian Swint

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