United States:
Biden Inflation Call Echoed by Economists — But Not Companies
“President Joe Biden’s administration, faced with the biggest surge in consumer prices in three decades, points to signs that supply-chain pressures are easing as it seeks to persuade voters that inflation will drop back to more normal levels next year. While economists largely agree with the White House, there’s limited evidence from U.S. companies that any major shift in expectations is yet underway.”
Europe:
Future of ECB Stimulus Becomes Clearer Before December Meeting
“The future of European Central Bank stimulus is becoming clearer before December’s crunch meeting, with its pandemic bond-buying tool on track to be wound down as planned but stay available for reactivation if needed. That’s the emerging consensus after weeks of public debate among officials who’ll gather in three weeks in Frankfurt against a backdrop of soaring prices and the abrupt re-imposition of lockdowns in parts of the continent — factors that are casting a shadow over the recovery in the 19-member euro area.”
Asia:
BOJ’s Newest Board Member Sees Japan Inflation Creeping Up
“The Bank of Japan’s newest board member said she’s seeing a gradual emergence of upward price trends in the country that bears close watching, even as the bank holds its monetary stimulus in place. Japan’s consumer prices “don’t look like they will stay around zero forever,” board member Junko Nakagawa said this week in her first interview with the foreign press since joining the bank in June. “The upward pressure is strengthening a little.”
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