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Letting Inflation Run, OPEC Opposition, U.K. Lockdown: Eco Day

Alexandra Veroude
·1 min read

(Bloomberg) -- Welcome to Tuesday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help you start the day:

Federal Reserve Bank of Chicago President Charles Evans said the U.S. central bank shouldn’t be shy about letting inflation run, as it has promised, above its 2% target in order to make up for years of undershooting that goalOPEC+ talks were unexpectedly suspended on Monday after a majority of members, including Saudi Arabia, opposed Russia’s proposal for a February supply hikeBoris Johnson imposed a third lockdown across England, shutting schools and ordering the public to stay at home, amid dire warnings that the National Health Service is at risk of being overwhelmedThe U.S. could see an elevated death rate for more than a decade as the economic fallout from the coronavirus persists, underscoring the long-term health impact of the deep recessionECB policy maker Pablo Hernandez de Cossays said the institution should consider a policy to actively manage governments’ borrowing costsConsumers in Canada enter the year riding a wave of optimism that the worst is over. The nation’s households reported a surge in confidence in the final weeks of 2020 that has brought sentiment back to pre-pandemic levelsWith the global economy still in the teeth of the Covid-19 crisis, the Eurasia group sees a divided U.S. as a key risk this year for a world lacking leadershipIn the 21st century’s toughest test yet of governing, the Nordics stand out

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