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Fed Signals ‘20 Pause, Dimon Sees Deal, EU’s Green Moon: Eco Day

Fed Signals ‘20 Pause, Dimon Sees Deal, EU’s Green Moon: Eco Day

(Bloomberg) -- Welcome to Thursday Asia. Here’s the latest news and analysis from Bloomberg Economics to help you start the day:

  • The Federal Reserve left interest rates unchanged and signaled it would keep them on hold through 2020. Carl Riccadonna provides the short version: Fed to markets -- see you after the election
  • JPMorgan Chase & Co.’s Jamie Dimon said he expects to see a phase-one trade deal between the U.S. and China, but warned that an additional wave of tariffs from the Trump administration would hit markets and U.S. growth
  • Europe is set to stake its economic future on an environmental clean-up that will overhaul the way the world’s biggest single market polices businesses and manages trade relations
  • Indonesia’s cabinet is discussing whether to amend a legally imposed cap on the budget deficit, which would allow the government to spend and borrow more to stimulate economic growth
  • The Philippine central bank will likely keep its key rate unchanged for a second straight meeting Thursday, opting to save its ammunition as growth picks up after a sluggish start to the year
  • Sweden is likely to reverse half a decade of negative rates after November consumer prices rose more than economists had forecast
  • Switzerland’s central bank is once again challenging the forces of gravity in the foreign exchange market
  • President Recep Tayyip Erdogan is taking deeper cuts in Turkish rates for granted, and so is the market
  • The WTO will never be the same, writes Bryce Baschuk in the latest Terms of Trade
  • Brazil cut its benchmark rate by half a percentage point to a record low as economic activity gradually accelerates and market expectations for inflation remain below target
  • Federal Reserve Chairman Jerome Powell called low inflation the great problem of our time. Paul Volcker, the legendary Fed chief who died on Sunday, will be remembered for the extraordinary interest rates he imposed to vanquish high inflation four decades earlier

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, Alexandra Veroude

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