Fed Rate Decision, Trade Talks, AMLO Dodges Recession: Eco Day

31 Jul 2019, 05:31 PM IST

(Bloomberg) --

Welcome to Wednesday, Americas. Here’s the latest news and analysis from Bloomberg Economics to help get your day started:

It’s Federal Reserve day. The U.S. central bank readies for what most anticipate to be a quarter-point interest-rate cut even as core inflation firmed; President Donald Trump is demanding something bigger
China and the U.S. plan to meet again in September to extend trade talks, as the latest round of negotiations in Shanghai ended with signs the sides discussed Chinese purchases of American farm products -- a key demand of Trump
Mexico’s economy narrowly missed falling into recession in the second quarter, surprising most analysts, while posting growth well short of the pace pledged by President Andres Manuel Lopez Obrador during his 2018 campaign
It’s decision day for Brazil’s central bank -- here’s what to expect
Economic growth in the euro area slowed dramatically in the second quarter, the latest in a string of reports flagging deteriorating economic prospects that increase the chance of more European Central Bank stimulus
Trying to find an economic bright side in the pound’s collapse could prove a fool’s errand, likely not providing a traditional boost to exports as it fans inflation by lifting import costs
China’s factory gauge entered another month of contraction while it beat estimates, supported by ongoing stimulus
While some central banks wait to follow the Fed in easing, China’s policy makers could take their time and Bloomberg Economics considers Asian economies that might have limited scope to do so

To contact the reporter on this story: Zoe Schneeweiss in London at zschneeweiss@bloomberg.net

To contact the editor responsible for this story: Fergal O'Brien at fobrien@bloomberg.net