Fed Decision, U.S. Peak, American-Made Products: 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:

  • It’s Federal Reserve decision day
    • With the delta variant posing a growing risk to the U.S. economy, Fed Chair Jerome Powell and his colleagues are likely to emphasize patience on scaling back the central bank’s massive policy support
    • Fed wordsmiths will consider adjustments to the policy statement at Wednesday’s FOMC meeting, notably on inflation language and virus risks, according to Bloomberg Economics’s Andrew Husby and Eliza Winger
  • The best growth of the expansion is likely behind the U.S. just as the world’s largest economy reclaims its pre-pandemic level of output
  • The Biden administration is proposing sweeping changes to its government purchasing rule to increase the content of American-made goods, senior administration officials said
    • U.S. production of PPE is widely seen as a matter of national security, but a domestic supply chain that’s sustainable over the long term is still a work in progress
  • Marriage madness across America has the cost of weddings soaring
  • Norway has overtaken the U.S. as the best place to be during the pandemic. See where your country ranks in the latest Bloomberg Covid Resilience Ranking

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