Davos Talks Fed, U.K. Pay Growth, Gopinath's Questions: Eco Day

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

  • The Federal Reserve and other major central banks are right to rethink their plans to tighten monetary policy in 2019 as global growth slows, according to the investors and former policy makers attending the Davos summit. You can follow our live blog of events here.
  • Deciphering the intentions of Fed officials rarely gets this easy. As one after another preaches patience before their next interest-rate move, a tougher question is emerging about their plans to pause: Is this a pit stop or the peak?
  • French Finance Minister Bruno Le Maire is heading to Switzerland with an ambitious mission statement for the world’s richest economies: rebuild capitalism.
  • Gita Gopinath has a knack for asking the kind of questions that, not so long ago, might have raised eyebrows inside the International Monetary Fund, where she just took over as chief economist.
  • Meanwhile, Philip Lane has staked his claim to take on the chief economist job at the European Central Bank -- now he must wait to see if he has the field to himself.
  • In the U.K., workers are enjoying the strongest wage growth since the financial crisis a decade ago.
  • President Xi Jinping issued an unusual warning to party leaders about mounting risks, and Bloomberg Economics explores how the slowdown hasn’t hit strongest wage growth bottom yet. Chinese retail and real estate are feeling the worst of it.
  • Finally, Davos this year is all about ‘Globalization 4.0’ -- here’s what that means.

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