Fed Decision Day, Drivers & Disrupters, Brexit Impact: Eco Day

(Bloomberg) --

Welcome to Wednesday, Europe. Here’s the latest news and analysis from Bloomberg Economics to help get your day started:

• The European Central Bank is about to start pumping money into bond markets again, after its previous efforts hauled yields down to record lows. We show the expected winners
• Boris Johnson’s Brexit deal would leave the U.K. economy 3.5% smaller every year and the Bank of England should start thinking about an interest-rate cut, according to the National Institute of Economic and Social Research. Meanwhile, the time it takes to sell a home in central London has soared to 20 weeks as Brexit scares off buyers
• The Federal Reserve is expected to cut interest rates a quarter point today, but may then pause. Carl J. Riccadonna says the big question will be whether officials are willing to cut again later
• Here’s Bloomberg Economics’ take on the big forces threatening the hottest economies
• Canada is set to have the highest policy interest rate among the world’s major economies by the end of the day
• Central banks should pay more attention to climate change and income inequality, Patrick Honohan, a former governor of the Central Bank of Ireland, argues
• Russia’s Vladimir Putin is facing an unwelcome new financial challenge in Syria after the U.S. pullback enabled his ally Bashar al-Assad to reclaim the biggest chunk of territory in the country still outside his control

To contact the reporter on this story: Enda Curran in hong kong at ecurran8@bloomberg.net

To contact the editors responsible for this story: Nasreen Seria at nseria@bloomberg.net, Michael S. Arnold

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