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Welcome to Tuesday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help you start the day.
- The U.S. heartland has become an inflation hotbed, highlighting how difficult it will be for policy makers to cool decades-high price rises
- Bloomberg Economics says that even as the Fed speeds toward a March rates liftoff, some loud voices suggest policy makers remain deluded about the threats
- U.S. business activity was close to stalling in early January
- Equity-market selloffs have portended economic trouble, but the current tumble just isn’t enough to cloud the sunny consensus for strong U.S. growth this year
- Inflation hawks are about to get what they want from the Fed — which means emerging markets are about to get what they’ve traditionally feared
- Global supply chains are nearing a turning point that’s set to help determine whether logistics headwinds keep restraining growth
- The impact of costlier imports on inflation in Asia will peak “in the near future,” say economists from Goldman Sachs
- Consumer prices in Singapore rose more than expected again last month, adding enough uncertainty for the government to review its 2022 forecasts
- The landmark trade deal signed in 2020 between the world’s largest economies failed to reduce the bilateral trade deficit
- China posted strong foreign exchange inflows last year, thanks to record exports and high returns on domestic assets
- Chinese authorities are ramping up support for the economy, Bloomberg Economics’ policy dashboard shows
- Euro-area economic activity rose at its slowest pace in almost a year
- A nascent easing of supply bottlenecks helped drive manufacturing activity in Europe’s two largest economies
- The ultra-low interest rate on the ECB’s targeted longer-term refinancing operations will be the next pandemic-era stimulus measure to be pared back
- The ECB will raise its deposit rate as early as December 2022, Deutsche Bank economists predict, arguing that inflation will prove stickier than policy makers think
- Bloomberg Economics’ dashboard of high-frequency data is sending mixed signals on the impact on Brazil’s economy from surging Covid
- The low interest rate loans that are helping propel one of the world’s frothiest property markets could also be what make it burst
More stories like this are available on bloomberg.com
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