U.S. Commerce, Fed Insight, Election Economics: Eco Day

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

  • America’s network for moving goods into and around the country is the busiest in years after being throttled by the coronavirus pandemic, providing vital support for an economic rebound that’s moderating in other areas
  • Federal Reserve Chair Jerome Powell said the U.S. economy is improving but has a long way to go before fully recovering. It has enough momentum to continue its recovery even if Congress fails to pass additional taxpayer support, St. Louis Fed President James Bullard said
  • Economic developments in just a handful of U.S. states will determine the presidential election outcome. To gauge how these factors may shape voting decisions, Bloomberg Economics has pulled together a dashboard with key metrics and polls for 14 swing states
  • The World Economic Forum won’t hold its 2021 annual meeting in the ski resort of Davos next summer, according to Swiss media
  • The Bank of England isn’t close tonegative interest rates despite the resurgence of the coronavirus reinforcing downside risks to the U.K. economy, according to Governor Andrew Bailey. Meanwhile, the European Central Bank will start accepting bonds linked to environmental goals as part of its drive to press ahead with a green agenda
  • Keep track of the trillions of dollars of monetary and fiscal stimulus aimed at propping up businesses forced into lockdown and support the swelling ranks of unemployed workers across major economies

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