Fed's 2020 Pause, Car Tariff Delay, U.K. Loses Jobs: Eco Day

(Bloomberg) --

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

• Federal Reserve Chairman Jerome Powell is likely to signal again this week that monetary policy is on hold, buttressing the belief that he may steer clear of action through 2020
• The Trump administration may delay a decision on whether to slap tariffs on European automobiles after an intense lobbying campaign by German carmakers highlighted plans to shift global production to American suppliers, people familiar with the White House deliberations said
• Donald Trump speaks at the Economic Club of New York -- he’s expected to speak on trade and economic policy. Terminal users can follow our TOPLive blog from 11:50 a.m. New York time, 10 minutes before the U.S. president is scheduled to make his remarks
• The U.K. economy lost jobs in the third quarter and vacancies posted their largest annual decline since the financial crisis, just as the country faces a snap general election
• The European Central Bank started its second round of corporate bond purchases by purchasing in a week an amount that analysts expected it to buy in a month
• Bloomberg Economics’ Chang Shu and Justin Jimenez explore which country could be Asia’s next export powerhouse; the analysis and an interview of companies show no single economy has the wherewithal to step into China’s shoes
• German businesses are more pessimistic on one of their biggest markets than they’ve been in years. A survey of companies with operations in China showed only a quarter expect to meet or exceed their business targets this year
• New Zealand’s central bank may cut interest rates to a fresh record low on Wednesday as it seeks to boost economic growth and revive inflation, although its final review of the year is proving hard to predict
• Finally, here’s a look at how the economy is working in Trump’s favor in states that hold their 2020 primaries first

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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