Trade War Not Over, U.S. Tax Refunds, China Trims Goals: Eco Day
(Bloomberg) -- Welcome to Tuesday, Americas. Here’s the latest news and analysis from Bloomberg Economics to help get your day started:
- The U.S. has confirmed the country is postponing “until further notice” a scheduled tariff increase on Chinese goods, the latest sign that the world’s two largest economies could be headed toward a de-escalation of their trade dispute
- Tax refunds are the biggest windfall of the year for many Americans, often helping to keep bank balances elevated for months after payment, a JPMorgan Chase Institute study shows
- The American dream of homeownership is alive and within reach, even to those with modest household income, if they happen to live in Minneapolis, Pittsburgh or St. Louis
- China lowered its goal for economic growth and announced a major tax cut, as policy makers seek to pull off a gradual deceleration while grappling with a debt legacy and the trade standoff with the U.S.
- Economic activity in the euro area was stronger than expected in February as an improving services sector managed to offset a slump in industry
- Yet, should the slowdown worsen again, the European Central Bank may have more policy options at its disposal than cheap loans for banks
- The U.S. and U.K. have a lot of catching up to do when in comes to treating women in work well
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