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Powell's Patience, Yuan Defies Slowdown, U.S. Inflation: Eco Day
Here is the latest news and analysis to help get your day started.
11 Jan 2019, 03:26 PM IST
(Bloomberg) -- Happy Friday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help get your day started:
- Federal Reserve Chairman Jerome Powell said the U.S. central bank can be patient before adjusting interest rates again as it waits to see how global risks impact the domestic economy; Meanwhile, Powell is still waiting for that White House invite
- Here’s how the Fed’s shift to pause mode is helping China’s currency defy a deepening slowdown across the world’s No. 2 economy
- Less than a month before India’s budget, risks are growing that Prime Minister Narendra Modi’s government will miss fiscal targets for a second year in a row as it bows to populist pressures before a high-stakes election
- Australia’s construction activity has slowed to the weakest in five-and-a-half years as tighter lending conditions and falling prices weigh on the nation’s housing market
- The European Central Bank should wait until the spring before tweaking its policy and keep all options open, says Governing Council member Francois Villeroy de Galhau
- This chart suggests U.S. inflation will likely be steady in data scheduled for release Friday in Washington
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
©2019 Bloomberg L.P.
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