Strange Job Market, Brazil Water Crisis, Colombia Rates: Eco Day
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Welcome to Monday, Americas. Here’s the latest news and analysis from Bloomberg Economics to help you start the week:
- The U.S. labor market is entering one of its strangest summers ever, with a powerful economic rebound generating record demand for workers just as roadblocks distort employment and wage levels
- Almost one in five young adults in the U.S. was neither working nor studying in the first quarter as Black and Hispanic youth remain idle at disproportionate rates
- The Federal Reserve might consider an interest-rate hike from near zero as soon as late 2022 as the labor market reaches full employment and inflation is at the central bank’s goal, Federal Reserve Bank of Boston President Eric Rosengren says
- Take a look at Bloomberg Economics’ latest dashboard of the U.S. recovery
- Brazil’s worst water crisis in nearly a century is fueling inflation that’s reverberating through the economy
- Colombia’s central bank is set to hold its benchmark interest rate despite mounting inflation risks fueled by domestic unrest
- Central banks globally are moving from peak support toward a new phase for Covid recovery
- European Central Bank Executive Board member Fabio Panetta has outlined a strategy to use “unconventional flexibility” to keep borrowing costs low until government spending has helped push up inflation
- Japan’s economic outlook is brightening with exports set to cushion a domestic slump and pent-up demand expected to spill over to 2022, Bloomberg Economics says as it raises its forecasts
- Finally, here’s what’s to look out for in the world economy this week
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