ADVERTISEMENT
U.S. Absences, Goldman’s Fed View, Inflation Threat: Eco Day
U.S. Absences, Goldman’s Fed View, Inflation Threat: Eco Day
10 Jan 2022, 07:08 PM IST
(Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.
(Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.
Welcome to Monday, Americas. Here’s the latest news and analysis from Bloomberg Economics to help you start the day:
- With the omicron wave of the pandemic rapidly spreading across the U.S., the robust economic recovery is facing a new threat that policymakers have little control over: people calling in sick
- The Federal Reserve has managed to do something that’s rarely seen in the U.S. these days: Get members of the Democratic and Republican parties to agree
- Meanwhile, Goldman Sachs is predicting the Fed will likely raise interest rates four times year this and will start its balance sheet runoff process in July, if not earlier
- Concern among some big European nations about economic fallout raises the risk of a split with the U.S. on how strongly to hit Russia with fresh sanctions if it invades Ukraine, according to people familiar with the matter
- Should negotiations with President Vladimir Putin break down, higher gas prices could see euro-area inflation end the year substantially above the ECB’s 2% target, according to Bloomberg Economics
- Finally, here is our wrap of what is coming up in the global economy this week
©2022 Bloomberg L.P.
Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
ADVERTISEMENT