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Fed Pause Possible, Brexit Gravity Test, Upbeat Draghi: Eco Day
Fed Pause Possible, Brexit Gravity Test, Upbeat Draghi: Eco Day
16 Nov 2018, 07:35 PM IST
(Bloomberg) -- Good morning Americas. Here’s the latest news and analysis from Bloomberg Economics to help round of your week:
- Federal Reserve Chairman Jerome Powell has laid out a scenario for a pause in the central bank’s interest-rate hiking campaign sometime next year by highlighting potential headwinds to the U.S. economy.
- Is an inverted yield curve still a reliable economic indicator? Years of ultralow interest rates have complicated the recession warning.
- As hard-line Brexiteers make their move on Theresa May, here’s a look at why their trade plans are a test of gravity.
- Mario Draghi expects the euro area to continue growing in coming years even amid risks from protectionism that need to be monitored “very carefully.”
- U.S. Commerce Secretary Wilbur Ross says not to expect too much from a Trump-Xi meeting centered on a trade deal; meanwhile Singapore doesn’t want Asean to have to choose between two friends
- Signing up. Europe is dealing across Asia on trade amid the U.S.-China tensions, including a free-trade agreement between Indonesia and the EU
- Central banks in Indonesia and the Philippines raised interest rates this week in an unexpected pair of developments
- Prime Minister Shinzo Abe is dialing it back a bit on the recently unveiled foreign-worker proposal, even as Japan suffers from a wide labor shortage. That crunch is also good news for the nation’s ‘Gen Z’ new Grads.
- Finally, for a rundown of all you might have missed in the global economy this week, check out the regular roundup
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, Joanna Ossinger
©2018 Bloomberg L.P.
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