Fed Confidence, ECB Chiefs’ Investments, Canadian Alarm: Eco Day
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Welcome to Thursday, Americas. Here’s the latest news and analysis from Bloomberg Economics to help you start the day:
While Wall Street is ringing alarms about out-of-control inflation, Federal Reserve Chair Jerome Powell and his colleagues are expressing confidence in a more benign outlook
- Acceleration in U.S. price growth this year will have “only transitory effects on underlying inflation,” Fed Vice Chair Richard Clarida said Wednesday
- Some economists, meanwhile, have flagged the possibility that consumer prices will take at least several months to settle down
- President Joe Biden’s attempt to expand the definition of infrastructure has sent economists to the drawing boards to measure the impact of his spending plans
- When it comes to investing their own money to tackle climate change or promote better corporate governance, European Central Bank officials are decidedly average
- Canadians are so alarmed by the red-hot housing market that many say they’d like to see the central bank raise the cost of borrowing to dampen demand for real estate and stabilize prices
- Russia’s debt chiefs are working on a mechanism that will allow the government to retire costlier ruble bonds sold to raise emergency funds during the coronavirus pandemic
- Finally, check out this week’s Stephanomics podcast to hear what’s behind the Great 2021 inflation debate
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