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Fed’s Dual Mandate, Microscope on Economic Reports, ECB: Eco Day

Fed’s Dual Mandate, Microscope on Economic Reports, ECB: Eco Day

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

  • Judy Shelton, a conservative economist being considered by the White House for a spot on the Federal Reserve’s Board of Governors, isn’t convinced the goals set for it by Congress are relevant for the U.S. central bank
  • Economic data in coming days will go a long way to show whether market concern of an imminent U.S. recession is justified
  • China said the next move in trade talks must come from the U.S., days after President Donald Trump said he’s in no hurry to make a deal
    • As the U.S. and China clash over everything from trade to technology, some of the biggest names in investing are bracing for a protracted superpower conflict
    • Meanwhile a litany of domestic dilemmas on both sides of the Atlantic threaten to frustrate efforts at a U.S.-EU trade pact before they’ve even begun
    • Africa, largely ignored in a U.S.-China trade war that could roil economies worldwide, is quietly piecing together the world’s largest free-trade zone
  • It’s GDP day in Brazil. Here’s what to expect
  • The European Central Bank will offer euro-area banks generous terms on its upcoming long-term loans when it meets next week, but won’t do anything to soften the impact of negative rates, economists predict
    • Bloomberg Economics predicts that the ECB will want to keep its lending facility as a robust backstop and maintain the option for its rates to be set as low as the deposit rate

To contact the reporter on this story: Zoe Schneeweiss in London at zschneeweiss@bloomberg.net

To contact the editors responsible for this story: Fergal O'Brien at fobrien@bloomberg.net, Jill Ward

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