Fed and Brazil Rate Hikes, Housing Crunch, Chip Worry: Eco Day

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Welcome to Wednesday, Americas. Here’s the latest news and analysis from Bloomberg Economics to help you start the day:

  • The Federal Reserve is poised to raise interest rates Wednesday for the first time since 2018, with investors focused on how aggressive central bankers plan to be in tackling the hottest inflation in four decades
    • Here’s what Bloomberg Economics is watching
  • Brazil’s central bank will likely slow the pace of interest rate increases as it calibrates one of the world’s most aggressive monetary-tightening cycles despite a breakneck surge in local fuel prices
    • Here’s what Bloomberg Economics is on the lookout for today
  • Sarah Bloom Raskin withdrew as President Joe Biden’s nominee to be the Fed’s vice chair of supervision Tuesday after it became clear she didn’t have the votes to be confirmed
  • China made a strong push to stabilize battered financial markets, promising to ease a regulatory crackdown, support property and technology companies and stimulate the economy
  • Behind closed doors, some people in the semiconductor industry are getting increasingly concerned that the push to make the West more competitive may backfire
  • Finally, here’s how the Covid-19 housing crunch is turning U.S. employers into landlords

More stories like this are available on bloomberg.com

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