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This Article is From Mar 07, 2019

Trade War Scars, ECB Fresh Support, BOE Patience: Eco Day

(Bloomberg) -- Good morning Americas. Here's the latest news and analysis from Bloomberg Economics to help get your Thursday started:

  • A deal between the U.S. and China to drop tariffs couldn't come soon enough for a global economy already showing strains from the trade war
  • Robust U.S. economic data means the Federal Reserve may still end up raising interest rates even after Chair Jerome Powell's signal that policy is on hold
  • Women and black workers win when the U.S. economy runs hot for a while, according to new research from Federal Reserve Bank of San Francisco President Mary Daly and co-authors
  • Meanwhile, the Fed's Beige Book survey shows the U.S. economy has cooled so far this year, although Bloomberg Economist Tim Mahedy says the survey points to another strong jobs report
  • The European Central Bank is putting all the pieces in place for new support for the economy as policy makers debate how quickly they need to act in response
  • A smooth Brexit outcome won't be enough by itself to justify higher interest rates, according to Bank of England policy maker Silvana Tenreyro, who said she'd wait to see stronger domestic price pressure
    • Meanwhile a report showed U.K. house prices surged last month, recording an unprecedented jump at the start of the Spring selling season
  • Chinese researchers are watching the U.K.'s impending exit from the European Union to see what kind of arrangements are put into place to allow regions with separate economic and regulatory policies to have an integrated financial market
  • 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, Andrew Atkinson

    ©2019 Bloomberg L.P.

    Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

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