China-EM Crisis Risk, Brexit Summit, Two More Fed Hikes: Eco Day

(Bloomberg) -- Happy hump day, Asia. Here’s the latest news from Bloomberg Economics:

  • Tom Orlik ponders what would happen if China and emerging markets were to lurch into crisis at the same time
  • The U.K. and EU are preparing for a special summit to sign the Brexit deal in November and the meeting could be announced within days
  • Federal Reserve officials expect to lift the benchmark interest rate a total of four times in 2018. Markets are starting to believe them
  • President Trump’s next salvo in the trade fight could tax the shirt off America’s back -- literally
  • India’s recent decriminalization of homosexuality is expected to provide a significant boost to the $2.6 trillion economy
  • Mark Carney agreed to remain at the helm of the Bank of England for an additional seven months, extending his stay for a second time to help steer the U.K. economy through Brexit
  • Argentina’s central bank kept its key interest rate at 60 percent

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