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

(Bloomberg) -- Go inside the global economy with Stephanie Flanders in her new podcast, Stephanomics. Subscribe via Pocket Cast or iTunes.

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

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

©2019 Bloomberg L.P.