Trade Talks, U.S. Pay Gains, Brazil Pensions: Eco Day

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

• President Xi Jinping says U.S.-China trade talks will continue next week in Washington, as the two sides race to reach a deal that would avert a tariff increase on Chinese goods by March 1
  • Trump wants deals and he wants them now. But there’s growing evidence that time is catching up his trade agenda
• A surge in U.S. inflation-adjusted pay could push the Fed toward higher rates
• President Jair Bolsonaro gave the green light to a proposal to overhaul Brazil’s unsustainable pension system that includes minimum retirement ages and substantial savings to public coffers
  • Here’s our explainer why the future of the country’s economy rides on pensions
• Economists are pushing back their Bank of England predictions, meaning it’s a close call whether Governor Mark Carney will manage another interest rate hike before he leaves
• The global tide of weaker inflation is taking an extra toll on emerging markets, putting central banks under pressure to lean away from their bias toward raising interest rates
• Finally, here’s our weekly wrap of what’s going on in the world economy

To contact the reporter on this story: Zoe Schneeweiss in London at zschneeweiss@bloomberg.net

To contact the editors responsible for this story: Fergal O'Brien at fobrien@bloomberg.net, Brian Swint

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