Inflation Brews, Stimulus Squabbles, Deep Hole: Eco Day

(Bloomberg) --

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

• Inflation continues to brew in America’s industrial heartland as growing materials shortages cascade into record-long delivery times and leave manufacturers struggling to keep pace with an energized economy
  • Inflation is also haunting emerging markets
• President Joe Biden is preparing for his first face-to-face meeting with the top two congressional Republicans, just as the GOP is ramping up opposition to his $4 trillion economic plan
• The U.S. labor market remains in a “deep hole” and needs aggressive support to speed its healing from the Covid-19 pandemic, said Federal Reserve Bank of Minneapolis President Neel Kashkari
  • Stay-at-home Americans sow White House angst on jobs miss
• The world economy pushes into the second quarter with reopening across the U.S. and Europe set to drive growth of 1.4% from the previous quarter
• As China moves closer to rolling out the world’s first major sovereign digital currency, speculation over the global implications has reached a fever pitch
• Finally, here’s what’s to look out for in the world economy this week

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