Theresa May's Job, Fed Cautious, Beijing Trade Talks: Eco Day

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

• U.K. Prime Minister Theresa May saw signs that her beleaguered Brexit deal might be winning support -- as it became clear that the price might be her job.
• The Federal Reserve’s updated forecasts show policy makers becoming even more cautious toward the economic outlook, says Carl Riccadonna, as U.S. consumer confidence declined for the fourth time in five months
• The People’s Bank of China is expected to ease policy less aggressively in 2019 compared with the previous year, say analysts
• U.S. and Chinese officials resume high-level trade talks this week as they close in on a deal that could just be the first step in the long road to economic peace
• Japan’s basket of goods and services that make up core inflation is chock-full of items the central bank has little chance of influencing
• When Adrian Orr took the helm of New Zealand’s central bank a year ago today, hopes were high that he’d usher in a new era of transparency and engagement on interest rates. That hasn’t quite happened
• Separately, the RBNZ said it’s now more likely to cut interest rates amid slowing global growth, sending the kiwi dollar tumbling
• The uncertainty surrounding Thailand’s election outcome threatens to set back the economy’s grinding recovery from the 2014 coup
• In a world of persistently low inflation and slowing economic growth, central banks are finding a useful instrument in their toolboxes to curb financial risk
• Drowning in debt, freaked-out Canadians are bracing for a reckoning

To contact Bloomberg News staff for this story: Jeffrey Black in Hong Kong at jblack25@bloomberg.net

To contact the editors responsible for this story: Jeffrey Black at jblack25@bloomberg.net, Brett Miller

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