Fed Decision, Manufacturers Apply Brakes, India Hikes: Eco Day

(Bloomberg) -- Good morning Americas. Here’s news and analysis from Bloomberg Economics to help get your Wednesday started:

  • As we await the Federal Reserve decision later today in Washington, here’s a guide to everything you need to know. Meanwhile here’s how the chief might be in danger of eating his words
  • Manufacturers in some of the world’s biggest economies are putting the brakes on production as they watch trade disputes with the U.S. unfold
  • China warned the U.S. against "blackmailing and pressuring" it over trade as the Trump administration mulls trying to force officials back to the negotiating table through threats of even higher tariffs
  • Meanwhile, China’s central bank has started actively encouraging banks to extend more credit by taking a softer stance on loan quotas, people familiar with the matter said, as it ratchets up efforts to bolster a cooling economy
  • U.K. manufacturing growth slowed more than expected last month, casting doubt on the strength of the economy as Bank of England policy makers hold their crunch meeting
  • India’s central bank raised its benchmark interest rate to the highest in two years as it stepped up efforts to curb inflation and stem capital outflows
  • Finally, here’s what economists think economists are missing

©2018 Bloomberg L.P.