Fed to Pause, Trump-Xi Deal Hurdle, Hong Kong Recession: Eco Day

31 Oct 2019, 07:12 AM IST

(Bloomberg) -- Welcome to Thursday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help get your day started:

Fed officials cut interest rates by a quarter-percentage point for the third time this year and signaled a pause in further cuts unless the economic outlook changes materially. Carl Riccadonna sees the Fed playing coy on future easing
President Donald Trump’s plan to ink the first installment of a trade accord with Xi Jinping next month was thrown into question after Chile canceled an upcoming summit
Hong Kong will release data underscoring what retailers, hoteliers and residents know all too well -- that the economy has slipped into a recession
China’s Belt and Road is getting a reboot. Here’s why: QuickTake
Bank of Canada Governor Stephen Poloz, one of the few to resist the global push toward easier policy, acknowledged he’s begun to consider the merits of joining other countries in cutting rates
As a new EU team gears up for office, the bloc may be moving to expand its arsenal for fighting protectionism worldwide. The ECB’s latest policy creation will only provide modest comfort to euro-area banks from the adverse side effects of negative rates
Brazil cut its key rate by half a percentage point and indicated another cut of the same magnitude is in the pipeline
For years India’s state-run companies coughed up hefty dividends when the government needed cash. Now the treasury is being forced to return the favor
How the trade war is reshaping supply chains (Podcast)
Here’s how governments use immigration to boost their economies

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, Jason Clenfield