Pounded Economy, Fed Day Impact, China’s Factories: Eco Day

(Bloomberg) --

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

• Trying to find an economic bright side in the pound’s collapse could prove a fool’s errand, likely not providing a traditional boost to exports as it fans inflation by lifting import costs
• Fed day. Federal Reserve readies for what most anticipate to be a quarter-point interest-rate cut even as core inflation firmed; President Donald Trump demands something bigger
• Trade games. U.S.-China trade talks concluded in Shanghai without signs of progress on any agreement; meanwhile, Trump’s attack on the World Trade Organization is poised for a win
• Mixed review. China’s factory gauge entered another month of contraction while it beat estimates, supported by ongoing stimulus
• Powell says. While some central banks wait to follow the Fed in easing, China’s policy makers could take their time and Bloomberg Economics considers Asian economies that might have limited scope to do so

To contact the reporter on this story: Michelle Jamrisko in Singapore at mjamrisko@bloomberg.net

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

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