Trump's ‘Monumental’ Deal, India Cuts, Fed Rate Impacts: Eco Day

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

• President Donald Trump said Thursday a deal to end the trade war between the U.S. and China isn’t yet ready but a “very monumental” agreement may be announced in about a month
• Federal Reserve officials are pushing back against the notion that the central bank should cut interest rates soon; these charts show how rate hikes are impacting the economy
• Meantime, Trump said Herman Cain, the former pizza company executive who ran for the 2012 Republican presidential nomination, is being vetted for a seat on the Fed’s board
• The Reserve Bank of India delivered its second successive interest rate cut yesterday and is on course for its most aggressive monetary policy easing in more than three years
• The Fed and fellow leading central banks are hitting the pause button when it comes to policy -- here’s our latest guide to where rates are going globally
• Investors were on edge a year ago for signs the U.S. labor market was overheating. Now they’re primed for the opposite

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, Matthew Brockett

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