Chinese economy, inflationary pressures, Brainard’s point of view: Ecological day

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(Bloomberg) – Welcome Monday, Asia. Here’s the latest news and analysis from Bloomberg Economics to get you started on the week.

  • China’s V-shaped economic rebound is fading faster than expected
    • Chinese sovereign bond rally, boosted by increased central bank liquidity, fades
  • Global inflationary pressures show little sign of moderation and more central banks are trying to temper them
    • Minneapolis Fed Chairman Neel Kashkari says US central bank should not overreact to high inflation
    • Treasury Secretary Janet Yellen says controlling Covid-19 virus in United States is key to lowering inflation
    • Morgan Stanley economists stick to their prediction that the Fed will not hike rates until 2023
    • Inflation is skyrocketing in the eurozone, but it also diverges significantly, making it harder for the ECB to do its job
  • Interview with Fed Governor Lael Brainard for the top US central bank job put more emphasis on his take on inflation and jobs
    • Bloomberg Economics analysis suggests Fed tapering could push US rates up by around 40 basis points
  • Another cold war could cost China 6% of GDP, while the United States would gain, Bloomberg Economics estimates
  • Warning signs are starting to flash among regulators of the $ 22 trillion US Treasury market, which is being cheated just as the Fed begins to pull out of the $ 80 billion buying frenzy dollars per month
  • U.S. consumer confidence unexpectedly collapsed in early November as Americans grew worried about rising prices
  • Unprecedented number of Americans have quit their jobs, underscoring how persistent churn is undermining efforts to fill vacancies
  • Negotiators from nearly 200 countries have struck a deal that aims to keep the most ambitious goal of the Paris Agreement alive
    • How China’s deal with the United States helped prevent COP26 from collapsing

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