I’m Chris Anstey, a senior economics editor in Boston, and today we’re looking at Rich Miller’s reporting on migration and job growth. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X via @economics. And if you aren’t yet signed up to receive this newsletter, you can do so here. How come … Read more
A key measure of underlying US inflation favored by the Federal Reserve cooled last month, and consumer spending rebounded sharply. Earlier in the week, the collapse of a major bridge in Baltimore will cause weeks or months of transportation disruptions in the Mid-Atlantic region and accelerate a shift of cargo to the US West Coast. … Read more
Canada, a country that’s relying heavily on immigration as an economic driver, is scaling back on its ambitions with a planned reduction in temporary residents after the influx exacerbated housing shortages. The country will set a target for temporary resident arrivals for the first time later this year, with the goal of reducing the number … Read more
I’m Chris Anstey, a senior economics editor in Boston, and today we’re looking at reporting on the leveraged US middle class by Claire Ballentine and Eliza Ronalds-Hannon. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X via @economics. And if you aren’t yet signed up to receive this newsletter, you can … Read more
China’s Li Qiang will become the first premier in three decades to not hold a press briefing at the annual parliamentary meetings, removing a rare platform for investors to learn more about the nation’s policy direction as President Xi Jinping consolidates control over the world’s second-largest economy. The country’s No. 2 official won’t take questions … Read more
I’m Chris Anstey, a senior economics editor in Boston, and today we’re looking at the damp squibs that have been the week’s G-20 and WTO gatherings. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X via @economics. And if you aren’t yet signed up to receive this newsletter, you can do … Read more
President Joe Biden sought to show his determination to stand up to Russia in announcing fresh sanctions on Friday, but his resolve only went so far over concerns that the toughest measures left in the US arsenal risk roiling the global economy. A 200-page list of targets based in Russia, the United Arab Emirates, China … Read more
I’m Enda Curran, senior economics reporter in Washington, and today we’re looking at the implications of US economic exceptionalism. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X via @economics. And if you aren’t yet signed up to receive this newsletter, you can do so here. Plentiful jobs, confident consumers, sustained … Read more
Federal Reserve Governor Christopher Waller said the US dollar is likely to keep its preeminent status globally despite recent threats from cryptocurrencies, the rise of the euro and China’s promotion of its own yuan. “I do not expect to see the US dollar lose its status as the world’s reserve currency anytime soon,” Waller said … Read more
The pulse of US inflation likely continued to slow at the start of the year, helping to feed expectations that the Federal Reserve will find interest-rate cuts more palatable in the coming months. The core consumer price index, a measure that excludes food and fuel for a better picture of underlying inflation, is seen increasing … Read more