U.S. Economic Good Place, Trade Deal Plan, Factory Woes: Eco Day
(Bloomberg) -- Happy Friday, Americas. Here's the latest news and analysis from Bloomberg Economics to help get your day started:
- The Federal Reserve's top officials say the economy is in a good place and suggest further interest-rate increases will depend on incoming data, easing concerns about risks to their outlook
- That's after data showed the U.S. economy was steadier than thought at the end of last year, but it's probably too soon to give it a clean bill of health for 2019
- U.S. officials are preparing a final trade deal that Donald Trump and Xi Jinping could sign in weeks, as Chinese retaliation against tariffs costs U.S. firms about $40 billion a year in lost exports
- European and Asian factories also charted another weak month in February amid softening global demand and trade-war jitters
- European Central Bank policy makers will keep banks waiting for a decision on whether the euro-area slowdown is bad enough to warrant action -- before concluding that some form of its long-term loans should be revived, according to a survey
- Underlying price pressures in the region remain weak though
- The outcome of the lone meeting Nadine Baudot-Trajtenberg chaired at the Bank of Israel will resonate long after her five-year term as deputy governor ends this week
- Improvements in life expectancy are slowing in the world's advanced economies, but it may not be the fault of austerity policies
- A crucial 11 days for China's economy begins next week when leaders gather to detail priorities for the year; the nation's mounting pile of distressed debt has elevated market players' attention to one of its less obvious economic data points
- Finally, here's are weekly wrap of what happened in the global economy
To contact the reporter on this story: Lucy Meakin in London at lmeakin1@bloomberg.net
To contact the editors responsible for this story: Fergal O'Brien at fobrien@bloomberg.net, Zoe Schneeweiss
©2019 Bloomberg L.P.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
