Fed Decision Day, European Confidence, Brexit Impact: Eco Day

(Bloomberg) --

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

• 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
• Economic confidence in the euro area extended its slide this month, lending credence to warnings by the European Central Bank that the region might not have seen the worst of its downturn
  • Still, in better news, France’s economy grew more than expected in the third quarter, a sign it’s avoiding some of the global manufacturing malaise that’s probably pushed Germany into a recession
• Boris Johnson’s Brexit deal would leave the U.K. economy 3.5% smaller in the long run 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
• 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: David Goodman in London at dgoodman28@bloomberg.net

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

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