ECB Decision, Mixed Recession Signals, Trade Baby Steps: Eco Day

(Bloomberg) --

Good morning Americas. Here’s the latest news and analysis from Bloomberg Economics to help get your Thursday started:

• Mario Draghi faces one of the most contentious policy meetings of his European Central Bank presidency on Thursday as he prepares to ramp up monetary stimulus again despite skepticism from the euro area’s biggest economies
• Investors are abuzz over the risk of a looming U.S. recession, yet economic indicators are giving mixed signals at worst that the record-long expansion will end soon.
• The U.S. and China are taking baby steps to ease tensions in their trade war, as negotiators prepare for the resumption of face-to-face talks in Washington in the coming weeks.
• Don’t just blame President Recep Tayyip Erdogan if Turkey’s central bank decides again to err on the side of lowering interest rates more than anticipated today
• Federal Reserve Chairman Jerome Powell and his colleagues are loath to follow Europe and Japan into negative interest rate territory -- no matter what Trump might want
• Bank of Japan officials see a need to keep a lower limit on Japanese government bond yields, with some of them seeing that limit around -0.3%, according to people familiar with the matter
• Argentina’s presidential front-runner Alberto Fernandez should hold a press conference sometime today -- that’s an opportunity to clarify his views about the economy, writes Adriana Dupita
• Finally, Thomas Piketty is back. After his last blockbuster helped put inequality at the center of economic debates, he’s returned with an even longer treatise that explains how governments should fix it –- by upending capitalism

To contact the reporter on this story: David Goodman in London at dgoodman28@bloomberg.net

To contact the editors responsible for this story: Paul Gordon at pgordon6@bloomberg.net, Zoe Schneeweiss

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