Trump’s Trade Signals, U.K. Prices, Robots Making Jobs: Eco Day

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

  • President Trump has sent a conciliatory signal to China amid talks to resolve the trade war between the world’s two biggest economies.
    • When it comes to trade, Trump’s take has a lot more in common with Ocasio-Cortez’s brand of socialism than you might think.
  • The Federal Reserve’s recent turn toward patience on further rate hikes underlines an unfortunate reality: the central bank will have way less ammunition to fight the next recession than in the past.
  • Meet the woman trying to fix Argentina’s central bank communication problem.
  • Brazil’s retail sales are at recession levels, supporting the case for the central bank to further ease borrowing costs.
  • Across the Atlantic, Europe increasingly looks like the real weak link in the global economy.
  • Weaker-than-forecast U.K. inflation may be offering Bank of England policy makers a reprieve as they struggle to peer through the “fog of Brexit.”
  • Sweden’s Riksbank has committed to a plan to raise interest rates this year and dropped a mandate that had allowed policy makers to intervene rapidly in the currency market to help drive inflation higher.
  • In Turkey though, past dithering on inflation is hampering the central bank’s ability to prop up the weakening economy.
  • New Zealand’s policy makers have pushed out their forecast for a rate increase to early 2021.
  • Machines aren’t all bad. Some even create more jobs.
  • Atherton, California, is America’s richest place for the third year in a row.

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