Ugly U.S. Jobs, Central Banks Hit Pause, Trump and Liu: Eco Day

(Bloomberg) -- Go inside the global economy with Stephanie Flanders in her new podcast, Stephanomics. Subscribe via Pocket Cast or iTunes.

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

• Investors were on edge a year ago for signs the U.S. labor market was overheating. Now they’re primed for the opposite
• The Federal Reserve and fellow leading central banks are hitting the pause button when it comes to tightening monetary policy
• U.S. President Donald Trump will meet Chinese Vice Premier Liu He at the White House on Thursday as speculation grows that negotiations over a trade deal between the world’s biggest economies is entering the final stages
  • Meanwhile, China has offered new measures to reduce taxes and raise its citizens’ wages, ramping up an already ambitious plan to boost domestic demand
  • Pretty much everyone from farmers in the American grain belt to importers of technology products wants an end to President Donald Trump’s trade war with China
• IMF Managing Director Christine Lagarde has warned of a “synchronized deceleration” in global growth that should fall short of recession. Based on Bloomberg Economics new global GDP tracker that assessment sounds about right
• Finally, here’s a new podcast from Stephanie Flanders exploring the inner workings of the global economy. Episode one takes a look at how a video game provides insight into globalization

To contact the reporter on this story: David Goodman in London at dgoodman28@bloomberg.net

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

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