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.

To contact the reporter on this story: Lucy Meakin in London at lmeakin1@bloomberg.net

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

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