Fed Day, Yellow Jackets, ECB Chief Economist, BOE Split: Eco Day

(Bloomberg) -- Welcome to Wednesday, Europe. Here’s the latest news and analysis from Bloomberg Economics to help get your day started:

  • It’s Fed day -- here’s what to expect
  • Bloomberg Economics says France’s yellow-jacket protests are set to weigh on 4Q GDP and could further impact the economy this year
  • The race to succeed European Central Bank Chief Economist Peter Praet is entering the home stretch with only one known contender, at least for now
    • Austria is set to appoint Robert Holzmann, an economist put forward by the nationalist Freedom Party, to lead the country’s central bank and help set euro-area monetary policy from September
    • The head of Swedbank’s Estonian unit Robert Kitt is among three nominees in the running to replace central bank chief Ardo Hansson as the voting member on the ECB’s Governing Council
  • Don’t be fooled by the Bank of England’s recent unanimity -- the debate will become more heated
    • Still, the BOE is making progress on the gender balance of its staff
  • On brink of recession, Italian executives snub Rome and take action
  • The U.S. and China are sitting down Wednesday for the first of two days of high-level trade talks -- but don’t hold your breath for a deal
  • Meanwhile China’s weakening economy is roiling export markets in the rest of Asia
  • The Federal Reserve may have taken a break but it hasn’t finished raising interest rates, a Bloomberg survey of economists shows as the FOMC concludes its two-day gathering Wednesday

©2019 Bloomberg L.P.