China Goal Delay, U.S. Inflation, Central Bank Thursday: Eco Day

(Bloomberg) -- Happy Thursday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help get your day started:

• China is considering plans to delay some targets in its strategy to dominate high-end technologies as it tries to ease trade tensions with America that have roiled financial markets
• A key measure of U.S. inflation picked up as expected in November, reinforcing expectations the Fed will raise interest rates next week. Yelena Shulyatyeva runs a ruler over some of the numbers
• It’s a busy central bank day, with rate decisions due for Norway, the euro area, Switzerland, Turkey, Ukraine, Peru and the Philippines. Sweden is expected to tighten for the first time since 2011 next week
• Maeva Cousin explains how French President Macron could form an unlikely alliance with Italy to test Brussels
• India’s new central bank governor billed himself as a consensus builder and a defender of the institution’s autonomy, saying all the right things to win investors worried the government is trying to usurp its powers
• U.S. CFOs expect a recession as soon as next year, adding to signs that the outlook is souring among businesses and consumers. Government debt is on track to rise at the fastest pace since 2012, while wages are advancing amid muted inflation and strong hiring as this chart shows
• Paulo Guedes, the man tasked with fixing Brazil’s economy, likes to remind everyone that he’s a University of Chicago man, gushing about his days studying under Milton Friedman. Brazil, meanwhile, kept rates at a record low amid a sharp downturn in inflation
• The Fed is piling up unrealized losses on its $4.1 trillion bond portfolio, raising questions about its finances at a politically dicey moment. Here’s a timeline of President Donald Trump’s attacks on Fed chief Powell

To contact the reporter on this story: Michael Heath in Sydney at mheath1@bloomberg.net

To contact the editors responsible for this story: Nasreen Seria at nseria@bloomberg.net, Chris Bourke

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