ADVERTISEMENT
Powell's Puzzle, Draghi's Awkward Meeting, Aussie Wages: Eco Day
Powell's Puzzle, Draghi's Awkward Meeting, Aussie Wages: Eco Day
14 Jun 2018, 12:14 AM IST
(Bloomberg) -- Welcome to Wednesday, Europe. Here’s news from Bloomberg Economics to help get your day started:
- Five Fed mysteries. Jerome Powell’s press conference could shed light on topics from a red-hot labor market to EM turmoil. Carl Riccadonna says a hike is baked in and all eyes are on signals for future policy
- Size & scope. U.S. inflation accelerated to the fastest pace in more than six years, while the budget deficit blew out to the widest since the depths of the global recession
- Host absent. Mario Draghi is holding what might be the most awkward European Central Bank policy meeting in his tenure
- Mirroring Fed. The People’s Bank of China will raise borrowing costs in the open market if the U.S. Federal Reserve decides to increase rates this week, according to a Bloomberg survey
- Data supports hike. Inflation picked up in India for a second straight month, giving ammunition to the central bank to further tighten monetary policy
- Lingering puzzle. Australia’s central bank chief Philip Lowe said any policy tightening is still some way off as the nation’s -- and world’s -- wage puzzle remains unsolved
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, Ashutosh Joshi
©2018 Bloomberg L.P.
Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
ADVERTISEMENT