Hong Kong Recession, Fed Gets Serious, U.S.-China Talks: Eco Day

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

• Hong Kong is facing its first recession since the global financial crisis, with little prospect of an immediate recovery as the city confronts its most violent protests in decades
• Can a Federal Reserve chair make a promise today that binds their successor in the future? That question is crucial as officials weigh how best to pursue their goals
• China is still open to reaching a partial trade deal with the U.S., an official with direct knowledge of the talks said, signaling that Beijing is focused on limiting the economic fallout
• Meantime, the trade talks are set to resume in Washington later today -- here’s our rundown on what’s at stake
• Japan, a nation often bound by tradition, has been wildly unconventional when it comes to monetary policy. Now the central bank has again embarked on a daring new experiment
• U.S. job openings unexpectedly declined in August to the lowest level since March 2018, underscoring a slowdown in hiring
• Inflation is receding in Latin America’s two largest economies in a fresh sign of the growth challenge facing their central banks

To contact the reporter on this story: Chris Bourke in Sydney at cbourke4@bloomberg.net

To contact the editors responsible for this story: Nasreen Seria at nseria@bloomberg.net, Tracy Withers

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