Norway Set to Hike, Fed's Inflation Bind, Swiss Bubble: Eco Day

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Welcome to Tuesday, Europe. Here’s the latest news and analysis from Bloomberg Economics to help get your day started:

• Norway’s central bank is leaving its closest peers behind. Policy makers in Scandinavia’s richest economy are this week expected to raise interest rates to their highest level in almost four years. The step will mark a second hike since September, helping to cap inflation in western Europe’s biggest oil exporter
• In Switzerland a decade of ultra-low yields has pushed investors eager for better returns into property, fueling a building boom
• U.K. jobs data today are set to keep defying Brexit mayhem, Bloomberg Economics says
• Princeton University economist Alan Krueger, who served as chairman of President Barack Obama’s Council of Economic Advisers and was one of the profession’s top experts on the labor market, has died at the age of 58
• Federal Reserve officials say they’re willing to tolerate an overshoot of their inflation goal. If the opposite happens, the plan is less clear
• Almost half of female economists have experienced gender discrimination, according to an American Economic Association survey that also included reports of assault and harassment
• Sentiment among U.S. homebuilders held steady in March, sustaining a rebound from a recent three-year low on improvement in sales and a brighter outlook for the next six months
• Australia’s central bank is holding fire on interest rates, even as a slide in the nation’s home prices deepens, as it awaits a resolution to the divergence between strong hiring and decelerating economic growth
• Prime Minister Justin Trudeau delivers his fourth and final budget this week before Canada’s next election

To contact the reporter on this story: Enda Curran in Hong Kong at ecurran8@bloomberg.net

To contact the editors responsible for this story: Malcolm Scott at mscott23@bloomberg.net, Karthikeyan Sundaram, Devidutta Tripathy

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