Savior-Villain Fed, Global Factory Slump, Trade Truce: Eco Day

(Bloomberg) --

Happy Monday, Americas. Here’s the latest news and analysis from Bloomberg Economics to help get your day and week started:

  • The Federal Reserve, believed to have killed some past economic expansions, is being relied upon to save the record-long current one
    • Vice Chairman Richard Clarida said many U.S. central bankers see a stronger case for easier monetary policy relative to just two months ago
  • Markets celebrated a weekend thawing of Trump-Xi relations, but that hasn’t won over economists, and probably won’t reverse bets on a Fed interest-rate cut
  • The European Central Bank could be headed for its first-ever female president as European Union leaders haggle over top policy positions
    • Finnish central bank Governor Olli Rehn doubled down on his push for the ECB to review its monetary-policy strategy
    • Bloomberg Economics expects the ECB to ease monetary policy again
  • But Riksbank Governor Stefan Ingves is likely to ignore the growing momentum for easing emanating from Frankfurt and Washington, for now
  • Russians are doing with less as the government squirrels away $100 billion in a rainy-day fund

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