Jobs Report, Fed Policy Bets, U.S. Vulnerabilities: Eco Day

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

  • It’s U.S. jobs report day. Here’s what to expect
  • A rising appetite for risk across a variety of asset markets is stretching valuations and creating vulnerabilities in the U.S. financial system, the Federal Reserve said

  • President Joe Biden’s ambitious $400 billion plan to improve in-home care for the elderly and lift wages for millions of workers may be limited by states’ ability to opt out
  • Uruguay is committed to trimming its deficit and getting the economy on track without resorting to the big private sector tax hikes, Finance Minister Azucena Arbeleche said
  • The European Central Bank could decide to scale back its emergency bond-buying program as early as next month, according to Governing Council member Martins Kazaks
  • The governor of Norway’s central bank signaled that a number of risks remain that could affect plans to remove monetary support, amid concerns over slow vaccine rollouts across Europe
  • China’s exports rose more than expected in April, suggesting its trade out-performance could last longer than expected this year

©2021 Bloomberg L.P.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.