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Welcome to Thursday, Americas. Here’s the latest news and analysis from Bloomberg Economics to help you start the day:
- The U.S. Treasury Secretary Janet Yellen delivered her most pointed comments on China yet in a keynote speech laying out a vision of a new era for international economic ties
- Larry Summers argues the Federal Reserve has made mistakes but is getting better. Still, the former Treasury secretary says a U.S. recession is more likely than a soft landing
- Listen to the Stephanomics podcast
- Read the full transcript
- Central bank tightening measures continue
- Argentina raised interest rates for the fourth time this year
- The Bank of Korea added to a wave of global action against inflation this week by raising its key interest rate
- Singapore further tightened monetary settings and raised its inflation forecast, sending the currency higher
- Bank of Canada chief Tiff Macklem said central banks won’t let stagflation take hold
- The European Central Bank is set to maintain its speedier withdrawal of stimulus as it prioritizes stemming relentless inflation over growing risks to the continent’s economy from the war in Ukraine
- Follow our TOPLive blog here
- China is expected to cut its key policy interest rate for the second time this year
- Brazil’s President Jair Bolsonaro decided to raise wages of federal public servants by 5% starting in July, following weeks of strikes and work stoppages
- São Bernardo do Campo offers a glimpse of the country’s economy in a moment of transition
- Finally, six projects around the world provide clues to the next stage of central bank digital cash
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