Fed Rate Decision, U.K. House Prices, Korea Exports: Eco Day

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

  • It’s rate decision day for the Federal Reserve: Here’s what to expect
    • The U.S. central bank will offer little evidence that it’s drifting from its “patient” posture at the current meeting, says Bloomberg Economics’ Carl Riccadonna
  • U.K. house-price growth stayed subdued in April in a sign the delay to Brexit failed to reinvigorate the market, according to Nationwide Building Society
  • South Korea’s exports fell less than expected in April even as they dropped for a fifth straight month. While concerns linger about slowing growth in Asia’s fourth-largest economy, the potential signs of recovery in shipments add to hopes for a rebound in global trade this year
    • Southeast Asia, China, Japan and South Korea are expected to remain “resilient” in the face of heightened trade tensions and stronger global headwinds, a regional body said
  • New Zealand hiring unexpectedly fell in the first quarter and wages rose at a slower pace, adding to signs that the labor market isn’t generating significant inflation pressure
  • Finally, here’s how 20 years of policies masterminded by charismatic former paratrooper Hugo Chavez dragged Venezuela into crisis

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