Fed Unpredictability, Trade Wars 2019, European Slowing: Eco Day

(Bloomberg) -- Happy Friday, Americas. Here’s the latest news and analysis from Bloomberg Economics to help get your day started:

  • Federal Reserve officials have stepped off a predictable path of interest-rate increases and are signaling to investors a hard truth about relying on increasingly contradictory economic data: There are no easy answers anymore
  • China’s Xi Jinping faces added pressure from the economy as he heads to the Group of 20 summit
    • Whatever happens in Buenos Aires when he dines with President Donald Trump on Saturday night, the trade wars are set to be with us well into 2019 and possibly beyond
    • Many will watching -- if Trump’s threat to place tariffs on all Chinese imports enacted, it will reverberate through the heart of Asia’s integrated technology supply chain and hurt economies like South Korea and Taiwan
  • The economic resilience of the euro-area faces fresh scrutiny after inflation eased off its six-year high just as the European Central Bank gets ready to pare back stimulus
  • Some European Central Bank policy makers are said to be discussing whether Sabine Lautenschlaeger’s term at the bank-supervision arm could be extended to avoid disruption during a major overhaul of top staff early next year
  • In the U.K., Theresa May is predicting national divisions over Brexit will widen if lawmakers fail to back her plans in a key parliamentary vote next month

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