U.S. Payrolls, Global Tax Deal, New York Houses: Eco Day

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

  • It’s U.S. payrolls day. Economists are predicting a 720,000 jump in June, while Bloomberg Economics predicts 800k
  • A global tax overhaul is lurching toward widespread agreement with a handful of last-minute hurdles; Ireland is among those still on the sidelines, while remaining committed to negotiations
  • Contracts to buy suburban New York homes have scaled back from their frenzied pace at the height of the pandemic
  • The Federal Reserve probably will need to begin raising interest rates in late 2022 or early 2023 amid high government spending, the International Monetary Fund said
  • Colombia’s credit rating was cut to junk by Fitch Ratings as the nation’s debt outlook worsened after the government withdrew a bill to raise taxes which triggered mass civil unrest
  • Finally, here’s what to know about Biden’s plans for U.S. child care

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