Page 138 - Bon News Today

(Bloomberg) -- The Covid years are littered with predictions that didn’t work out. For anyone looking ahead into 2022, that should be enough to give pause.

Senate Majority Leader Chuck Schumer insists the Senate will pass President Joe Biden’s nearly $2 trillion tax-and-spending package before Christmas, but there’s still much work to do and time is running short.

(Bloomberg) -- U.K. trade in goods took a 12.6 billion pound ($16.7 billion) hit from Brexit in October as imports and exports fell behind equivalent countries. The Center of European Reform said Brexit had lowered goods traded by the U.K. by 15.7% from where it otherwise would have been.

(Bloomberg) -- Stocks looked set for a steady open Monday at the start of a key week for central bank policy decisions amid elevated inflation and questions about the impact of the omicron virus variant on growth. Futures earlier pointed higher for Australia, Japan and Hong Kong.

(Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. The world’s top central banks are diverging, as some turn to tackling surging inflation while others keep stoking demand, a split that looks set to widen in 2022.

(Bloomberg) -- For many Americans, the sudden burst of inflation that has rocked the economy has been disorienting. Consumer prices had been so stable for so long in the U.S. that the population finds itself a little rusty on basic inflationary-era tactics.

(Bloomberg) -- The Group of Seven finance ministers will convene virtually on Monday to discuss the recent surge in inflation, according to people with knowledge of the matter.

(Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.

(Bloomberg) -- Poland will probably increase its main interest rate by 50 basis points in January, a fourth consecutive monthly increase, said Lukasz Hardt, a member of the Monetary Policy Council.

(Bloomberg) -- Two years since Covid-19 first emerged, global central banks are about to determine if their economies are strong enough to withstand the impact of its most elaborate mutation yet.  Officials at over a dozen monetary authorities, including the U.S.