Channeling Greenspan, U.S. Firms in China, BOC Decision: Eco Day

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

• Jerome Powell is channeling Alan Greenspan to put his stamp on the Federal Reserve
• U.S. businesses are not heeding President Donald Trump’s call to leave China and return home, a survey show
  • The Trump administration said it has banned imports from three companies in the Xinjiang region of China over Beijing’s alleged repression of the Uighur Muslim minority group
• The Bank of Canada will probably brush off the economy’s stronger-than-expected rebound in its interest rate announcement, and stick to its narrative of a long and bumpy recovery that will require extraordinary support for years to come
• Argentina’s latest talks with the International Monetary Fund have an agenda that looks modest by comparison with the grand ambitions that defined their past dealings
• The global recovery continued apace in August, but the hard yards lie ahead as most of the easy gains have been banked and governments are are struggling to keep the virus at bay, according to Bloomberg Economics
• The euro’s rally to a two-year high is making European Central Bank officials nervous, and putting investors and economists on the lookout for some kind of intervention as soon as Thursday’s policy meeting
• New Zealand’s central bank is looking to Sweden’s experience as it prepares plans for take interest rates negative to support its recession-hit economy

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