Fed 1990s Throwback, BOE Rates Day, Trade Drama Spreads: Eco Day

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

• The Fed's not-quite-as-dovish-as-expected policy decision is still making waves across financial markets, and the pledge that it won't be a long cutting cycle is reminiscent of the Fed of the 1990s
• It's rate decision day in the U.K. and the Czech Republic, click here and here for what to expect
• Until we meet again. After a quiet end to the U.S.-China talks this week, the two sides plan to reconvene in early September; the other regional trade battle, between Japan and South Korea, is heating up
• Singapore said the U.S. has shown it understands that the city state doesn't use benefits from a World Trade Organization “developing country” status
• Still hurting. Asian factories showed more pain from trade-war tensions and global demand slowdown in a round of weak July PMIs
• Brazil cut its interest rate to a record low Wednesday, with a pledge to do more to help an ailing economy
• Lunchtime read. India's the only major Asian nation that's growing its export share

To contact the reporter on this story: Michelle Jamrisko in Singapore at mjamrisko@bloomberg.net

To contact the editors responsible for this story: Nasreen Seria at nseria@bloomberg.net, Chris Bourke

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