Central Bank Limits, U.S. Immigration, U.K. Skills: Eco Day
Good morning Americas. Here’s the latest news and analysis from Bloomberg Economics to help get your day started:
- After years of crisis fighting, central bankers in key economies are entering a new decade with few good options to fight the next downturn
- The closing of American borders to mass migration from Europe in the 1920s didn’t raise wages for U.S.-born workers, according to researchers, who say their findings carry important lessons for today
- At least 15 central banks are holding their final monetary policy meetings of the year this week, with the Federal Reserve and the European Central Bank taking center stage
- Rate-setters in Washington and Frankfurt are expected to maintain policy, though their colleagues in Brazil, Russia, Turkey and Ukraine are all forecast to cut rates.
- China hopes trade talks with the U.S. can produce satisfactory results as soon as possible, according to a Ministry of Commerce official
- U.S. businesses are plagued by trade confusion as the Dec. 15 deadline for new tariffs loom
- Disparities over skills and opportunity are being amplified in Britain’s election campaign, especially in Hastings, a marginal seat where a fifth of the working-age population has no qualifications and employers struggle to recruit
- While the Saudi Arabian government is tightening its purse strings, the proceeds from Aramco’s record initial public offering could be used to soften the blow. The government is set to approve its 2020 budget today
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