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Fed Minutes, Bullard on December Hike, Draghi Warning: Eco Day
Fed Minutes, Bullard on December Hike, Draghi Warning: Eco Day
22 May 2019, 07:51 PM IST
(Bloomberg) -- Go inside the global economy with Stephanie Flanders in her new podcast, Stephanomics. Subscribe via Pocket Cast or iTunes.
(Bloomberg) -- Go inside the global economy with Stephanie Flanders in her new podcast, Stephanomics. Subscribe via Pocket Cast or iTunes.
Good morning Americas. Here’s the latest news and analysis from Bloomberg Economics to help get your Wednesday started:
- Fed minutes are published later today, here’s what to expect
- U.S. policy makers may have “slightly overdone it” by hiking in December, though it’s premature to talk about a rate cut, said Federal Reserve Bank of St. Louis President James Bullard
- If you thought the Fed was done with quantitative easing, you might only be half right
- The U.S. is weighing blacklisting up to five Chinese surveillance firms, widening its efforts to cut off supplies of technology to Chinese companies. Meanwhile China’s Xi Jinping called for a new “Long March” as the dispute worsens
- Global inflation drivers are pointing towards faster price gains that may surprise markets and central banks alike, according to Citigroup Inc
- Mario Draghi warned against exaggerating the tradeoffs between risk sharing and risk reduction in the euro zone, arguing it has hampered monetary policy transmission.
- Central banks across Asia are moving to defend their currencies from recent declines as escalating trade tensions between the U.S. and China weigh down exports and economic growth
- Finally, ten years after the financial crisis, economists and investors are questioning all of their old assumptions
To contact the reporter on this story: David Goodman in London at dgoodman28@bloomberg.net
To contact the editors responsible for this story: Paul Gordon at pgordon6@bloomberg.net, Zoe Schneeweiss
©2019 Bloomberg L.P.
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