Fiscal Fix, Fed Poised to Cut, Goodbye to Draghi: Eco Day

Fiscal Fix, Fed Poised to Cut, Goodbye to Draghi: Eco Day

(Bloomberg) -- Welcome to Monday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help get your day started:

  • Finance ministers and central bankers from around the globe gave momentum to the idea of fiscal stimulus as the way to revive a sagging world economy; but there was little agreement on how to do so
  • Federal Reserve officials have said little to take a third straight interest-rate cut off the table when they meet this month. They also haven’t said much about what they’ll do after that
  • People’s Bank of China Governor Yi Gang said the yuan is at an “appropriate level”
  • The Netherlands and Denmark have the best pensions systems in the world, according to a global study that shines a light on how nations are preparing aging populations for retirement
  • These 20 countries will dominate global growth in 2024
  • And it’s time to say goodbye to European Central Bank President Mario Draghi, who oversees his final monetary policy meeting this week before his term ends on Oct. 31

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