ECB Decision Day, Fed's Plain English, China's Slowdown: Eco Day

(Bloomberg) -- Welcome to Thursday, Europe. Here’s news from Bloomberg Economics to help get your day started:

  • Everything you need to know about today’s European Central Bank meeting
  • It could get awkward: host nation Latvia’s finance minister praised the ECB’s “neutral” attitude on corruption accusations against the country’s governor
  • After the Fed’s rate hike, Chairman Jerome Powell signaled growing optimism on the U.S. economy while trying to reassure that the central bank would not derail the country’s second-longest expansion
  • At the same time, Powell left Fed watchers scratching their heads over ever-bigger questions
  • China’s central bank held off from immediately raising borrowing costs following the U.S. Federal Reserve, just as economic data for May showed that the economy is losing steam
  • In Japan, cashed-up grannies splurging on their grandchildren are helping to keep the economy ticking over

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