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Fed Not Rushing, Xi's New ‘Long March,’ Trump End Game: Eco Day

Fed Not Rushing, Xi's New ‘Long March,’ Trump End Game: Eco Day

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

  • Fed officials are in no hurry to move interest rates -- and an escalation in the trade war could keep them on hold even longer. Policy makers further emphasized their commitment to a “patient" stance in the latest minutes, Carl Riccadonna says. Here’s a summary of recent Fed remarks
  • China’s President Xi Jinping called on citizens to join a “new Long March," a phrase he has used before to characterize achieving progress despite hardship, as the U.S. weighs stronger restrictions on Chinese technology companies
  • The longest economic expansion in the developed world may not be much longer for this world -- listen to our latest Stephanomics Podcast here
  • Adam Posen, a former Bank of England policy maker, called on central banks around the world to unite to lift their inflation goals
  • Fresh trade moves in recent days are boosting the risk of more U.S. tariffs on imports from China, Goldman Sachs says. The U.S. may not be prepared to start talks with the EU on a proposed trade deal
  • Treasury Secretary Steven Mnuchin warned the U.S. will face a default in “late summer” unless Congress increases the debt ceiling
  • Here’s a quick overview of why Japan is considering a tax hike when its economy is slowing
  • Central banks across Asia are moving to defend their currencies from recent declines amid escalating U.S.-China trade tensions
  • New Zealand will adopt a target range for net debt rather than a single figure, giving it the flexibility to spend more when economic conditions weaken
  • Argentina’s economy contracted more than expected in March as inflation spiked
  • When Donald Trump first took office in 2017, Beijing officials argued that his tough campaign talk was merely negotiating tactics rather than deeply held beliefs. That now looks completely wrong

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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