Tariff Delay, Fed Meeting, ECB Digital Currency: Eco Day


(Bloomberg) --

Welcome to Wednesday Europe. Here’s the latest news and analysis from Bloomberg Economics to help you start the day:

  • Chinese officials expect President Donald Trump to delay a threatened tariff increase set for Sunday, giving more time to negotiate an interim trade deal that both sides continue to insist is close to fruition despite a series of missed deadlines
  • While Jerome Powell is expected to reinforce the signal that policy is on hold at the central bank’s meeting on Wednesday, some of his colleagues may be looking ahead to when they should hike again
  • European Central Bank policy makers meeting in Frankfurt this week will discuss the prospect of launching their own digital currency, according to euro-zone officials familiar with the matter
  • Switzerland’s central bank is once again challenging the forces of gravity in the foreign exchange market. The Swiss National Bank is expected to keep the main policy rate unchanged and reaffirm their intervention pledge at their next meeting on Thursday
  • Bank of Japan officials see a sizable impact from government stimulus announced last week, raising the likelihood that the bank will upgrade its economic forecasts for the first time in a year next month, according to people familiar with the matter
  • China’s leadership is likely to signal structural reform will be a priority for 2020, when it wraps up an annual economic policy-setting meeting this week, writes Bloomberg Economics’ David Qu
  • House Democrats embraced the U.S.-Mexico-Canada trade agreement after securing key revisions and announced plans to vote on the deal next week, putting President Donald Trump closer to a political win as he heads into the 2020 election
  • Pakistan’s efforts to turn around its economy after winning bailout funds from the International Monetary Fund face a new threat -- from crop-eating pests

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