Fed’s New Abnormal, Black Household Wealth, Europe Woes: Eco Day

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Good morning Americas. Here’s the latest news and analysis from Bloomberg Economics to help round off your week:

  • Federal Reserve policy makers have concluded that when in doubt, do no harm. Welcome to the new abnormal
    • That’s going down well in some quarters. On Friday, President Donald Trump expressed hope the central bank had finished raising interest rates
    • Trump is also said to be considering Stephen Moore, a visiting fellow at the Heritage Foundation and a long-time supporter of the president, for a seat on the Federal Reserve Board
  • In 2016, black household wealth in the U.S. was just 9 percent of whites’ -- that’s the same share as in 1965
  • Europe’s economic outlook has been thrown into fresh doubt after reports showed weakness across France and Germany
  • Britain has a debt problem and, with the nation locked in the political hamster wheel of trying to leave the European Union, the risk is that a financial shock from Brexit could tip many people over the edge
  • The Bank of Russia kept interest rates unchanged at a second straight meeting after a currency rally, combined with weak consumer demand, helped blunt a spike in inflation this quarter
  • Meet Anita Angelovska Bezhoska, one of just four women in Europe to run a monetary authority
  • As the share of G-20 GDP controlled by populists and non-democratic regimes rises, there are increasing signs that bad policies are hurting growth, according Bloomberg Economics’ Tom Orlik
  • Finally, here’s our weekly wrap of what’s going on in the world economy

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