Biden’s Economic Plan, Meat Prices, Factory Activity: 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 day:

  • Senate Democrats begin the new year groping for a path forward on U.S. President Joe Biden’s stalled domestic economic agenda, hoping to pass a slimmed-down version before midterm election campaigns begin
  • Biden will announce plans Monday to combat the market power of the giant conglomerates that dominate meat and poultry processing
  • Asia and European factory activity continued its expansion in December, lifted by resilient demand and easing supply-chain bottlenecks as the omicron strain begins to spread in the region
    • Singapore’s recovery accelerated in the final three months of 2021 on the back of easing virus restrictions and strong manufacturing
  • Turkish inflation surged to a 19-year high in December, propelled by a slump in the lira and President Recep Tayyip Erdogan’s push for cheaper borrowing
  • Euro-area inflation figures for December due this week are likely to indicate price increases may have peaked
  • Finally, here’s what to watch in the U.S. economy this week

More stories like this are available on bloomberg.com

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