Borrowing Cost Test, Biden Stimulus Vote, Supply Chains: Eco Day

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

  • The unprecedented $9 trillion rescue mission by central banks to haul the world economy from its coronavirus recession is being tested as rising bond yields and inflation bets threaten their ability to keep borrowing costs down
  • The U.S. House of Representatives majority leader announced it will vote on President Joe Biden’s $1.9 trillion Covid-19 relief bill on Friday
  • Biden is set to order a government review of U.S. supply chains, seeking to end the country’s reliance on adversaries. He has also set aside trade tensions with Canada to work together on the pandemic, climate change and China
  • Germany’s economy proved more resilient to Covid-19 than expected at the end of 2020, though the start of 2021 still looks bleak. Meanwhile the latest plan by France’s government to save businesses has Europe intrigued
  • In the U.K., Bloomberg Economics reckons inflation will make a roaring comeback but elevated unemployment will push it back below the BOE’s target

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