Morning Brief: Focus on U.S. CPI, China Inflation Fuels Rate-Cut Calls
Americas
Economic Indicators and Prospects
Ahead of CPI data tomorrow, a senior White House official tells me the administration expects used car prices to remain high, while energy inflation should subside (mo/mo).
— Kayla Tausche (@kaylatausche) January 11, 2022
Housing
Monetary Policy
Jerome Powell sought to reassure lawmakers and investors on Tuesday that the Fed can pull off the tricky task of bringing down inflation without damaging the economy https://t.co/A6xFhp5EgQ
— Bloomberg (@business) January 11, 2022
Geopolitics and Trade
Russia holds tank drills near Ukraine, sounds downbeat on talks https://t.co/AOwd8EHR9s pic.twitter.com/QpWy1Q1cJe
— Reuters World (@ReutersWorld) January 11, 2022
Asia
Covid-19
A Chinese city that's home to one of the world’s biggest ports ordered a half-day break for Covid testing, a sign omicron could disrupt supply chains https://t.co/wmgDOuDJC1
— Bloomberg Economics (@economics) January 12, 2022
🇨🇳 🌎 Global Supply Chains Brace for Impact as #Omicron Reaches #China – Bloomberg
— Christophe Barraud🛢 (@C_Barraud) January 12, 2022
*Link: https://t.co/Pa9Hfiw2J5 pic.twitter.com/1r8YPL1WYf
Economic Indicators and Prospects
🇨🇳 #China #Inflation Fuels Rate-Cut Calls as World Starts to Tighten – Bloomberg
— Christophe Barraud🛢 (@C_Barraud) January 12, 2022
*Link: https://t.co/D4cSljtw4c pic.twitter.com/knLw3inEk0
Housing
Europe
Economic Indicators and Prospects
🇪🇺 The #Energy Price Surge Is Squeezing Europe’s Economy – Bloomberg
— Christophe Barraud🛢 (@C_Barraud) January 12, 2022
*Link: https://t.co/AVeImOrQKV pic.twitter.com/Hzq4FH2X47
UK households’ perceptions of their financial wellbeing declined at the fastest rate since the start of the pandemic as savings dwindled and incomes dropped, a survey by Scottish Widows shows https://t.co/GEeDGVoAMX
— Bloomberg Economics (@economics) January 12, 2022
Monetary Policy
🔴🗣️ "Je garantis que nous, l'@ecb, la @banquedefrance, nous ferons ce qu'il faut pour que l'#inflation revienne autour de 2%" : François #Villeroy de Galhau dans #LesMatinsLCI | @EliMartichoux cc @Lagarde. pic.twitter.com/nXYmQgtN44
— LCI (@LCI) January 12, 2022
Energy
European gas prices rebound as supplies remain limited with geopolitical tensions running high before a NATO meeting to discuss Russia’s intentions in Ukraine https://t.co/t3x05bnSMP
— Bloomberg Markets (@markets) January 12, 2022
Other Areas And Global Economy
World Bank cuts global growth forecast on virus flare-ups https://t.co/CYPkw5ydrb pic.twitter.com/DLydJrieOa
— Bloomberg Economics (@economics) January 12, 2022