Fed Inflation Split, China Leads US, Rises in 2023: Eco Day

(Bloomberg) – Good Friday, Asia. Here’s the latest news and analysis from Bloomberg Economics to get you through the weekend:

Fed officials have largely stuck to their scenario that the explosion of inflation in the United States as the pandemic recedes will prove that the Chinese central bank is one step ahead of its US counterpart. to curb its emergency Covid-19 stimulus measures, relieving potential market pressure from the Fed. imminent policy change Bloomberg Economics’ dive into the Fed’s dot plot suggests the median of 11 voters favors a single hike in 2023 – no two President Joe Biden celebrated his deal with a group of Democratic senators and Republicans on $ 579 billion infrastructure plan England has pushed back speculation that spike in UK inflation means it is preparing to raise interest rates Council member Isabel Schnabel administration, pledged the ECB would do whatever is necessary to support the recovery, and warned governments not to undermine this by tightening fiscal policy too soon Advanced economies may need to rely more on spending budget if they want to avoid the fate of Japan being trapped with a weak inf and an empty monetary toolbox, according to an ECB study, Australian lobsters – a delicacy highly regarded by Chinese consumers – could end up on mainland menus through a back door that bypasses diplomatic and trade dispute Chinese President Xi Jinping to speak at a celebration of the 100th anniversary of the Communist Party of China The Central Bank of Mexico caught economists on the wrong foot and inflated the peso by unexpectedly raising borrowing costs. Japanese Defense Minister Nobuo Kishi says Taiwan’s security is directly linked to that of Japan, as tensions around the island escalate

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