ADVERTISEMENT
Biden’s Relief Debate, Fed Policy, U.S.-U.K. Tariffs: Eco Day
Biden’s Relief Debate, Fed Policy, U.S.-U.K. Tariffs: Eco Day
04 Mar 2021, 07:16 PM IST
(Bloomberg) -- Welcome to Thursday, Americas. Here’s the latest news and analysis from Bloomberg Economics to help you start the day:
- The Senate enters the final stages of debating President Joe Biden’s $1.9 trillion pandemic relief bill on Thursday, with passage in the chamber likely pushed off until the weekend
- Here’s the economic reality behind the rhetoric on U.S. aid bill
- Take a closer look at what recovery felt like for millions of Americans
- Federal Reserve Chairman Jerome Powell will probably seek to convince suddenly skeptical financial markets on Thursday that the central bank will be ultra-patient in pulling back its support for the economy
- The more Powell tries to reassure people that inflation isn’t a big problem, the more he alarms those who think he’s dangerously wrong, according to Bloomberg’s Peter Coy
- The Fed says the U.S. economy expanded modestly in the first two months and sentiment among business owners is picking up as vaccinations bolstered the prospects for economic growth
- The U.S. will suspend retaliatory tariffs on U.K. products caught up in the longstanding dispute over illegal aid to Boeing Co. and Airbus SE in a boost for post-Brexit Britain’s trade agenda
- Mexico’s central bank improved its outlook for Latin America’s second-largest economy, saying it will grow faster than expected this year after a recovery at the end of 2020
- Bloomberg Economics says the new U.K. government budget extends significant near-term support to help drive the recovery
The U.K.’s go-big budget masks spending cuts seen as austerity 2.0
- China begins its biggest political meeting of the year Friday, laying plans that could propel the economy into the world’s biggest this decade
- The overwhelming power of Taiwan and South Korea in chips is adding urgency to calls in the U.S. for the country to beef up its manufacturing capacity
©2021 Bloomberg L.P.
Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
ADVERTISEMENT