U.S.-Japan Talks, Vancouver Homes, ECB Sub-Zero Musings: Eco Day
Good morning Americas. Here’s the latest news and analysis from Bloomberg Economics to help get your Tuesday started:
- Japan’s chief negotiator dodged questions about any potential auto export penalties or currency clause as he emerged from the first day of long-awaited trade talks with the U.S.
- The Federal Reserve may need to cut interest rates if U.S. inflation falls, said Chicago Fed President Charles Evans, who currently sees rates on hold until the fall of 2020
- Vancouver’s housing market is buckling under a slew of taxes and regulations introduced since 2016 to tame years of relentless growth that made the city the most unaffordable on the continent
- College kids are taking advantage of the situation
- European Central Bank officials lack enthusiasm for any revamp of their negative-interest rate tool and some doubt it will actually happen when an analysis of the policy is completed
- The U.K. labor market continued its impressive performance in the three months through February as employment jumped and wage growth far outpaced inflation
- The Chinese government has ramped up spending to support the economy, sending state finances into the red earlier than usual
- Also on China, here are five clues on whether the economic upturn has staying power
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