United States:
U.S. Labor, Supply ‘Nightmare’ Seen Extending Into Second Half
“The helter-skelter playing out on U.S. factory floors from labor and supply shortages, transportation bottlenecks and the coronavirus looks likely to persist into the second half of the year. That’s the message from the heads of lumber producers and makers of air conditioners to homebuilders and apparel manufacturers. Recent corporate earnings calls have been replete with mentions of cascading and inflationary effects that are hampering companies’ ability to meet demand.”
Europe:
ECB’s Knot Sees Interest-Rate Hike as Early as October
“European Central Bank Governing Council Member Klaas Knot said he expects an interest-rate increase as early as in the fourth quarter. Borrowing costs are typically tightened in 25 basis-point steps and “I don’t have reason to think differently this time,” he said in a Buitenhof interview on Sunday. Knot said a second hike can then take place in the spring of 2023.”
Asia:
India Defers Rate Meet as Subcontinent Mourns Loved Singer
“India’s central bank postponed its interest-rate review by a day as the nation and its neighbors mourn the death of celebrated singer Lata Mangeshkar. The Reserve Bank of India’s monetary policy committee will now meet Feb. 8-10, the authority said in a statement late Sunday. Its decision will be announced Thursday.”
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