Fed Decides, Latvia Moves Past Scandal: Eco Day

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

  • Norway is set to drop more hints in Thursday’s rate decision as to whether it will become the rich world’s most hawkish central bank
  • The Federal Reserve’s “dot plot” could back up Jerome Powell’s message of patience at its announcement Wednesday afternoon in Washington. U.S. debt is still getting cheaper, according to a favorite gauge of Treasury Secretary Janet Yellen
  • Latvia’s central bank chief said in an interview that he’s won back public trust after his predecessor’s term was riddled with scandal
  • A former Chinese central bank official warned of “huge” losses with monetary policy tightening
  • Lunar New Year holiday timing wreaked havoc on trade data in Japan and Singapore, whose exports both disappointed in February
  • South Korea’s unemployment rate fell sharply last month as social distancing restrictions eased slightly and the government resumed a job creation program
  • Brazil spent more money shielding its economy from the pandemic slump than almost any other emerging nation, and quite a few wealthier ones. But its effort in containing the pandemic itself fell short

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